Fighting Financial Crime with Science: Giant Oak CEO Gary Shiffman

Published: June 11, 2019, 3:47 p.m.

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We know that the money launderers are winning. We know that law enforcement is losing. By now, you\\u2019ve probably heard the UN\\u2019s statistics on this, that we catch less than 1% of these crimes, which add up to an estimated $1.6 trillion a year. At the heart of this problem is asymmetrical technology. The bad guys have sophisticated, networked, rapidly improving technologies, and the good guys are stuck in the past.

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