The financial side of crime and terrorism can often be where the big breaks in these cases come from. Today we look at how enterprise dashboard technology is brought to bear on the issue of tracking the money associated with such crimes. Specifically, we look at a dashboard for compliance with AML or Anti-Money Laundering statutes. The dashboard screenshots show a Deloitte system called AMLcheck in action. Basically, this dashboard is for financial institutions to check transactions and individuals against a database of proscribed persons and sanction lists to mitigate risk for the institution.
As an aside, here is an excerpt from the United Nations charter defining currently proscribed persons:
Proscription under section 18 of the Act 6AProscribed person or entity(1) For subsection 18 (1) of the Act, the following are proscribedpersons or entities: (a) the Taliban; (b) Usama bin Laden; (c) a member of the Al–Qaida organisation; (d) a person or entity named in the list of the Committee, as in existence from time to time. Note Paragraph 4 (b) of Resolution 1267, paragraph 8 (c) ofResolution 1333 and paragraph 2 of Resolution 1390 require States to freeze the assets of the persons mentioned in this regulation, and of entitiesdirectly or indirectly controlled by them.
The bottom line is that our banks and other financial institutions have to be on the lookout for transactions possibly having to do with these proscribed persons. Well, enterprise dashboards to the rescue. The first dashboard screenshot shows the overall dashboard. We then show closeups of a transaction and possible name matches for the individual. The transaction then is checked against a list of red flags.
Homework: Check out this terrorism database dashboard with incidents dating back to the 60’s.
So what or who is The Dashboard Spy? As his about page states, The Dashboard Spy is just a guy interested in the design of enterprise dashboards. He could not find any executive dashboard design source books (or even screenshots of real business dashboards) and so set about creating his own. Finally convinced to post his extensive collection of dashboard screenshots online, he was amazed to find how popular it has become. If you have a nice screenshot of a digital dashboard, balanced scorecard, or any business intelligence graphic to share, please send an email to info _at_ dashboardspy.com. Also check out The Dashboard Spy’s favorite books on business dashboards.
PS: If you find yourself part of an enterprise dashboard effort, you must study Enterprise Dashboards: Design and Best Practices for IT, the only book on actually implementing enterprise dashboards.