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> He said “Because that’s what the law demands. And so that when we get caught, we can go to the Parliament in the inquiry and say ‘you’re absolutely right, our
by axlee 6y ago
> He said “Because that’s what the law demands. And so that when we get caught, we can go to the Parliament in the inquiry and say ‘you’re absolutely right, our software did mark this as a problem!’”
Why even bother write a detection software then? Just flag all transactions, and you get the same level of plausible deniability.
- mercer 6y agoI think that would be entirely too implausible, but maybe you're right.
- mhh__ 6y agoEven the most overworked underpaid regulator isn't going to buy that 100% suspicious transactions is complying with either by the word of or in the spirit of the regulations.
- imtringued 6y agoYou can't claim that the software is working if it doesn't.
- axlee 6y agoIt catches 100% of fraudulent transactions though. /s