Data Mining Techniques for Anti-Money Laundering
نویسندگان
چکیده
منابع مشابه
Towards a New Data Mining-Based Approach for Anti-Money Laundering in an International Investment Bank
Today, money laundering (ML) poses a serious threat not only to financial institutions but also to the nation. This criminal activity is becoming more and more sophisticated and seems to have moved from the cliché of drug trafficking to financing terrorism and surely not forgetting personal gain. Most international financial institutions have been implementing anti-money laundering solutions (A...
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Money laundering is a criminal activity to disguise black money as white money. It is a process by which illegal funds and assets are converted into legitimate funds and assets. Money Laundering occurs in three stages: Placement, Layering, and Integration. It leads to various criminal activities like Political corruption, smuggling, financial frauds, etc. In India there is no successful Anti Mo...
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In this paper, we introduce the implementation of a data mining system we developed to search for patterns from large sets of relational databases. In the database that we obtained from a bank, there is large amount of information of the bank " s clients and companies that the clients are related to, as well as relations among the clients and companies (the sensitive and personal information is...
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Criminals use money laundering to make the proceeds from their illegal activities look legitimate in the eyes of the rest of society. Current countermeasures taken by financial organizations are based on legal requirements and very basic statistical analysis. Machine Learning offers a number of ways to detect anomalous transactions. These methods can be based on supervised and unsupervised lear...
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We present a data mining approach for profiling bank clients in order to support the process of detection of antimoney laundering operations. We first present the overall system architecture, and then focus on the relevant component for this paper. We detail the experiments performed on real world data from a financial institution, which allowed us to group clients in clusters and then generate...
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ژورنال
عنوان ژورنال: International Journal of Computer Applications
سال: 2016
ISSN: 0975-8887
DOI: 10.5120/ijca2016910953