One of the defining characteristics of Sherlock Holmes (besides the deerstalker hat and overcoat) is his almost superhuman powers of deduction. In the first Sherlock novel, A Study in Scarlet, Holmes says, “From a drop of water, a logician could infer the possibility of an Atlantic or a Niagara without having seen or heard of one or the other.” In every Sherlock story since, Sherlock does indeed turn tiny, seemingly insignificant details into solved crimes. Now, if you’re tasked with evaluating a Bank Secrecy Act Anti-Money Laundering (BSA/AML) system, you might feel like you’re being asked to perform Sherlockian levels of deduction. Or worse yet, you may be fooling yourself into thinking you have the fictional skills it would take to evaluate and optimize your AML system by looking solely at the number of alerts your AML system generates.
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