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Anti-money laundering (AML) regulations play a critical role in safeguarding financial systems, but bear high costs for institutions and drive financial exclusion for those on the socioeconomic and international margins. The advent of…

Social and Information Networks · Computer Science 2019-08-08 Mark Weber , Giacomo Domeniconi , Jie Chen , Daniel Karl I. Weidele , Claudio Bellei , Tom Robinson , Charles E. Leiserson

The use of cryptocurrencies has led to an increase in illicit activities such as money laundering, with traditional rule-based approaches becoming less effective in detecting and preventing such activities. In this paper, we propose a novel…

Machine Learning · Computer Science 2024-10-10 Hrushyang Adloori , Vaishnavi Dasanapu , Abhijith Chandra Mergu

Criminals have become increasingly experienced in using cryptocurrencies, such as Bitcoin, for money laundering. The use of cryptocurrencies can hide criminal identities and transfer hundreds of millions of dollars of dirty funds through…

Cryptography and Security · Computer Science 2022-10-11 Wai Weng Lo , Gayan K. Kulatilleke , Mohanad Sarhan , Siamak Layeghy , Marius Portmann

Blockchain provides the unique and accountable channel for financial forensics by mining its open and immutable transaction data. A recent surge has been witnessed by training machine learning models with cryptocurrency transaction data for…

Cryptography and Security · Computer Science 2023-06-13 Youssef Elmougy , Ling Liu

The problem of anomaly detection has been studied for a long time, and many Network Analysis techniques have been proposed as solutions. Although some results appear to be quite promising, no method is clearly to be superior to the rest. In…

Social and Information Networks · Computer Science 2017-02-28 Thai Pham , Steven Lee

The problem of anomaly detection has been studied for a long time. In short, anomalies are abnormal or unlikely things. In financial networks, thieves and illegal activities are often anomalous in nature. Members of a network want to detect…

Machine Learning · Computer Science 2017-02-28 Thai Pham , Steven Lee

Blockchain Business applications and cryptocurrencies such as enable secure, decentralized value transfer, yet their pseudonymous nature creates opportunities for illicit activity, challenging regulators and exchanges in anti money…

Machine Learning · Computer Science 2026-01-09 M. Z. Haider , Tayyaba Noreen , M. Salman

Financial institutions are required by regulation to report suspicious financial transactions related to money laundering. Therefore, they need to constantly monitor vast amounts of incoming and outgoing transactions. A particular challenge…

Machine Learning · Computer Science 2025-08-25 Bruno Deprez , Wei Wei , Wouter Verbeke , Bart Baesens , Kevin Mets , Tim Verdonck

The anonymity of blockchain has accelerated the growth of illegal activities and criminal behaviors on cryptocurrency platforms. Although decentralization is one of the typical characteristics of blockchain, we urgently call for effective…

Social and Information Networks · Computer Science 2022-01-25 Jie Shen , Jiajun Zhou , Yunyi Xie , Shanqing Yu , Qi Xuan

The dramatic adoption of Bitcoin and other cryptocurrencies in the USA has revolutionized the financial landscape and provided unprecedented investment and transaction efficiency opportunities. The prime objective of this research project…

Subgraph representation learning is a technique for analyzing local structures (or shapes) within complex networks. Enabled by recent developments in scalable Graph Neural Networks (GNNs), this approach encodes relational information at a…

Machine Learning · Computer Science 2024-07-30 Claudio Bellei , Muhua Xu , Ross Phillips , Tom Robinson , Mark Weber , Tim Kaler , Charles E. Leiserson , Arvind , Jie Chen

This paper reviews the applications of Graph Neural Networks (GNNs), Graph Convolutional Networks (GCNs), and Convolutional Neural Networks (CNNs) in blockchain technology. As the complexity and adoption of blockchain networks continue to…

Machine Learning · Computer Science 2024-10-02 Amy Ancelotti , Claudia Liason

Anti-Money Laundering (AML) involves the identification of money laundering crimes in financial activities, such as cryptocurrency transactions. Recent studies advanced AML through the lens of graph-based machine learning, modeling the web…

Machine Learning · Computer Science 2024-10-14 Kiwhan Song , Mohamed Ali Dhraief , Muhua Xu , Locke Cai , Xuhao Chen , Arvind , Jie Chen

With the rapid growth of e-commerce, online payment fraud has become increasingly complex, posing serious threats to financial security and consumer trust. Traditional detection methods often struggle to capture the intricate relational…

Computational Engineering, Finance, and Science · Computer Science 2025-09-15 RuiHan Luo , Nanxi Wang , Xiaotong Zhu

Money laundering is a financial crime that obscures the origin of illicit funds, necessitating the development and enforcement of anti-money laundering (AML) policies by governments and organizations. The proliferation of mobile payment…

Machine Learning · Computer Science 2025-03-14 Jiani Fan , Lwin Khin Shar , Ruichen Zhang , Ziyao Liu , Wenzhuo Yang , Dusit Niyato , Bomin Mao , Kwok-Yan Lam

Graph neural networks (GNNs) offer a principled approach to financial fraud detection by jointly learning from node features and transaction graph topology. However, their effectiveness on real-world anti-money laundering (AML) benchmarks…

Machine Learning · Computer Science 2026-03-02 Dang Sy Duy , Nguyen Duy Chien , Kapil Dev , Jeff Nijsse

In the context of globalization and the rapid expansion of the digital economy, anti-money laundering (AML) has become a crucial aspect of financial oversight, particularly in cross-border transactions. The rising complexity and scale of…

Machine Learning · Computer Science 2024-12-11 Qian Yu , Zhen Xu , Zong Ke

In the rapidly evolving domain of financial technology, the detection of illicit transactions within blockchain networks remains a critical challenge, necessitating robust and innovative solutions. This work proposes a novel approach by…

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

Over the past decade, blockchain technology has attracted a huge attention from both industry and academia because it can be integrated with a large number of everyday applications of modern information and communication technologies (ICT).…

Cryptography and Security · Computer Science 2022-07-08 Muneeb Ul Hassan , Mubashir Husain Rehmani , Jinjun Chen
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