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Friday, December 23, 2016

Detecting Money Laundering

Using network analysis.  A very nice example, with graphic visualization examples.  See the link for details.

" .... Applying machine learning to AML ( Money laundering)  has been challenging due to the limited availability of labeled datasets.  However there are a number of unsupervised techniques that may be worth considering.  

Network Modeling:
Network modeling is a powerful approach to AML analysis (Möser). Each account and real-world entity is set up as a node of a graph and transactions constitute the edges.  Edges can have weights.  Edge weights typically reflect the volume or the monetary value of transactions flowing between nodes.  .... " 

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