Reinventing Anti-Money Laundering with Complexity

Beyond Madoff: Anti-Money Laundering with Quantitative Complexity Management. By JB Beckett, Author of ‘New Fund Order’. Foreword by Jacek Marczyk. Foreword: “Our society depends on a number of highly complex and highly interconnected networks that process and distribute energy, information, goods, etc. They form an immense system of systems that has one key characteristic –…

Which 21-st Century Technology is the Most Dangerous?

Which technology is the most dangerous? Which technology is most feared? Is it Artificial Intelligence? Is it nanotechnology? Genetic manipulation? Nuclear energy? Maybe superconductivity? Or robotics? No, it is none of these. The most dangerous technology of the 21-st century is indubitably QCM – Quantitative Complexity Management. The QCM has been established in the early…

Complexity and Revisiting Anomaly Detection

Wikipedia: “In data mining, anomaly detection (also outlier detection) is the identification of rare items, events or observations which raise suspicions by differing significantly from the majority of the data. Typically the anomalous items will translate to some kind of problem such as bank fraud, a structural defect, medical problems or errors in a text.…

Is it Progress if a Cannibal Uses Knife and Fork?

The North American XB-70 Valkyrie was a (beautiful!) tri-sonic bomber developed in the early sixties. It was, even by today’s standards, an exceptionally sophisticated and advanced machine. What strikes is the short time it took to develop and build – we intentionally omit the information here since, by today’s standards it would make many people…