We present a data mining approach for profiling bank clients in order to support the process of detection of anti-money 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 a set of classification rules. We discuss the relevance of the founded client profiles and of the generated classification rules. According to the defined overall agent-based architecture, these rules will be incorporated in the knowledge base of the intelligent agents responsible for the signaling of suspicious transactions.
In @cite_5 , the authors present a case study corresponding to the application of a knowledge base solution that combines data mining techniques, clustering, neural networks and genetic algorithms to detect money-laundering patterns.
@cite_5
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In this paper, we study the problem of applying data mining to facilitate the investigation of money laundering crimes (MLCs). We have identified a new paradigm of problems --- that of automatic community generation based on uni-party data, the data in which there is no direct or explicit link information available. Consequently, we have proposed a new methodology for Link Discovery based on Correlation Analysis (LDCA). We have used MLC group model generation as an exemplary application of this problem paradigm, and have focused on this application to develop a specific method of automatic MLC group model generation based on timeline analysis using the LDCA methodology, called CORAL. A prototype of CORAL method has been implemented, and preliminary testing and evaluations based on a real MLC case data are reported. The contributions of this work are: (1) identification of the uni-party data community generation problem paradigm, (2) proposal of a new methodology LDCA to solve for problems in this paradigm, (3) formulation of the MLC group model generation problem as an example of this paradigm, (4) application of the LDCA methodology in developing a specific solution (CORAL) to the MLC group model generation problem, and (5) development, evaluation, and testing of the CORAL prototype in a real MLC case data.