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Money Laundering Detection using Synthetic Data
Blekinge Institute of Technology, School of Computing.
Blekinge Institute of Technology, School of Computing.
2012 (English)Conference paper, Published paper (Refereed)
Abstract [en]

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 learning algorithms that improve the performance of detection of such criminal activity. In this study we present an analysis of the difficulties and considerations of applying machine learning techniques to this problem. We discuss the pros and cons of using synthetic data and problems and advantages inherent in the generation of such a data set. We do this using a case study and suggest an approach based on Multi-Agent Based Simulations (MABS).

Place, publisher, year, edition, pages
Örebro, Sweden: Linköping University Electronic Press, Linköpings universitet , 2012.
Keyword [en]
Machine Learning, Anti-Money Laundering, Money Laundering, Anomaly Detection, Synthetic Data, Multi-Agent Based Simulation
National Category
Computer Science
Identifiers
URN: urn:nbn:se:bth-7119Local ID: oai:bth.se:forskinfoEB952EA69906EE79C1257AC6003BB536OAI: oai:DiVA.org:bth-7119DiVA: diva2:834701
Conference
Annual workshop of the Swedish Artificial Intelligence Society (SAIS)
Note

Linkoping Press http://www.ep.liu.se/ecp_article/index.en.aspx?issue=071;article=005

Available from: 2012-12-06 Created: 2012-11-30 Last updated: 2017-01-31Bibliographically approved

Open Access in DiVA

fulltext(874 kB)61 downloads
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Lopez-Rojas, Edgar AlonsoAxelsson, Stefan
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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