Peter Best, CQUniversity Australia
professor/HOD AEFP/HOC PG accounting
Accounting, Economics, Finance & Property
Peter Best is a professor and the head of the department of accounting, economics, finance, and property at Central Queensland University. Prior to joining CQUniversity, he has held positions at University of Newcastle, University of Adelaide, Flinders University, QUT, University of Southern Queensland, and Griffith University. Best recently co-developed a prototype for detection of money laundering activities, based on visualisation of monetary transactions. His and his co-author’s findings, published in the International Journal of Accounting Information Systems, demonstrates the value of being able to “see” the data in graphical formats to quickly and easily detect unusual flows of funds. The prototype employs link-analysis method using open-source software to explore indicators, including high volumes of transactions within a short period, structuring of cash deposits or withdrawals, and funds sent to (and credited from) banks in “interesting” countries, making it feasible for use by practitioners in forensics.