As much as there is a need to combat crimes like drug dealing, human trafficking, and gun crime, there is also a need to fight against transnational crimes and money laundering. The fact that transnational crimes can greatly affect the national borders and damage the fundamental values of the international community cannot be ignored.
According to a recent report, the government of Singapore is taking strict measures to stop cross border crime and money laundering by implementing technology and data analytics. Advanced technology involving anomaly detection could be proved beneficial in such instances.
Anomaly detection is the identification of data points, events or observations that are not in parallel with an expected pattern of a dataset. The advanced crime analytics software by Wynyard can be used to identify such anomalous instances, and in turn, highlight activities that require further investigation.
It is important that Government and private sector join hands together in order to dug out all the illegal activities out of the ecosystem. First and the foremost step would be to eradicate terrorism financing. Money laundering crimes would automatically come down with the removal of terrorism financing.
Wynyard ACA uses data analytics to investigate criminal occurrences. The software is enabled with features such as case management system, federal repositories, suspicious activity reporting, and gang intelligence to ensure timely detection of events to prevent them in future by recognizing the pattern.
The software is robust and offers in-built privacy. The visual dashboard allows the users to navigate through graphical data representations of anomalous instances to focus on nodes and edges with higher anomalous scores.