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In the faceless world of the Internet,online fraud is one of the greatest reasons of loss for web merchants.Advanced solutions are needed to protect e businesses from the constant problems of fraud.Many popular fraud detection algorithms…

Networking and Internet Architecture · Computer Science 2010-06-15 P. Srinivasulu , J. Ranga Rao , I. Ramesh Babu

Anti-Money Laundering (AML) is a crucial task in ensuring the integrity of financial systems. One keychallenge in AML is identifying high-risk groups based on their behavior. Unsupervised learning, particularly clustering, is a promising…

Statistical Finance · Quantitative Finance 2024-03-05 Ahmed N. Bakry , Almohammady S. Alsharkawy , Mohamed S. Farag , Kamal R. Raslan

Current anti-money laundering (AML) systems, predominantly rule-based, exhibit notable shortcomings in efficiently and precisely detecting instances of money laundering. As a result, there has been a recent surge toward exploring…

Machine Learning · Computer Science 2023-07-26 Fredrik Johannessen , Martin Jullum

Various studies on consumer purchasing behaviors have been presented and used in real problems. Data mining techniques are expected to be a more effective tool for analyzing consumer behaviors. However, the data mining method has…

Databases · Computer Science 2011-09-07 Abhijit Raorane , R. V. Kulkarni

Every year, criminals launder billions of dollars acquired from serious felonies (e.g., terrorism, drug smuggling, or human trafficking) harming countless people and economies. Cryptocurrencies, in particular, have developed as a haven for…

Machine Learning · Computer Science 2021-10-06 Joana Lorenz , Maria Inês Silva , David Aparício , João Tiago Ascensão , Pedro Bizarro

The efficient and effective monitoring of mobile networks is vital given the number of users who rely on such networks and the importance of those networks. The purpose of this paper is to present a monitoring scheme for mobile networks…

Networking and Internet Architecture · Computer Science 2015-06-02 Eleni Rozaki

Building on topological data analysis and expert knowledge, this study introduces a Mapper-based approach to cluster agents based on their tendency to be influenced by information spread. The context of our paper is financial markets with…

Methodology · Statistics 2025-04-02 Anubha Goel , Henri Hansen , Juho Kanniainen

Nowadays, financial data analysis is becoming increasingly important in the business market. As companies collect more and more data from daily operations, they expect to extract useful knowledge from existing collected data to help make…

General Finance · Quantitative Finance 2016-09-28 Fan Cai , Nhien-An Le-Khac , Tahar Kechadi

Money laundering and financial fraud remain major threats to global financial stability, costing trillions annually and challenging regulatory oversight. This paper reviews how artificial intelligence (AI) applications can modernize…

Artificial Intelligence · Computer Science 2025-12-09 Chuanhao Nie , Yunbo Liu , Chao Wang

Classification and patterns extraction from customer data is very important for business support and decision making. Timely identification of newly emerging trends is very important in business process. Large companies are having huge…

Databases · Computer Science 2011-12-13 Dr. Sankar Rajagopal

The Inland Revenue Services is overwhelmed with gigabyte of disk capacity containing data about tax payers in the state. The data stored on the database increases in size at an alarming rate. This has resulted in a data rich but information…

Computers and Society · Computer Science 2016-06-14 Felix M. Okoro , Emmanuel O. Oshoiribhor , Adetokunbo M. John-Otumu

Agent-based modeling is a powerful simulation technique to understand the collective behavior and microscopic interaction in complex financial systems. Recently, the concept for determining the key parameters of the agent-based models from…

Statistical Finance · Quantitative Finance 2017-03-21 T. T. Chen , B. Zheng , Y. Li , X. F. Jiang

The rise of digital payments has accelerated the need for intelligent and scalable systems to detect fraud. This research presents an end-to-end, feature-rich machine learning framework for detecting credit card transaction anomalies and…

The automatic detection of frauds in banking transactions has been recently studied as a way to help the analysts finding fraudulent operations. Due to the availability of a human feedback, this task has been studied in the framework of…

Machine Learning · Computer Science 2020-04-24 Christelle Marfaing , Alexandre Garcia

Money laundering is not only about moving illicit funds, but about hiding the money's origin and traces to complicate detection. Financial criminals resort to many methods to avoid regulators and legal thresholds. But analysts investigating…

Human-Computer Interaction · Computer Science 2026-05-12 Salomé Esteves , Rita Costa , Louise Fallon , Pedro Bizarro

Money laundering is a critical global issue for financial institutions. Automated Anti-money laundering (AML) models, like Graph Neural Networks (GNN), can be trained to identify illicit transactions in real time. A major issue for…

Machine Learning · Computer Science 2025-09-24 Rachel Chung , Pratyush Nidhi Sharma , Mikko Siponen , Rohit Vadodaria , Luke Smith

Fraudulent activities on digital banking services are becoming more intricate by the day, challenging existing defenses. While older rule driven methods struggle to keep pace, even precision focused algorithms fall short when new scams are…

Cryptography and Security · Computer Science 2026-01-21 Karthikeyan V. R. , Premnath S. , Kavinraaj S. , J. Sangeetha

Fraud detection is essential in financial services, with the potential of greatly reducing criminal activities and saving considerable resources for businesses and customers. We address online fraud detection, which consists of classifying…

Machine Learning · Computer Science 2020-02-17 David Aparício , Ricardo Barata , João Bravo , João Tiago Ascensão , Pedro Bizarro

Money laundering has become one of the most relevant criminal activities in modern societies, as it causes massive financial losses for governments, banks and other institutions. Detecting such activities is among the top priorities when it…

Money launderers exploit the weaknesses in detection systems by purposefully placing their ill-gotten money into multiple accounts, at different banks. That money is then layered and moved around among mule accounts to obscure the origin…

Machine Learning · Computer Science 2025-01-03 Haseeb Tariq , Marwan Hassani