Intelligent Anti-money Laundering System

Gao, Shijia, Xu, Dongming, Wang, Huaiqing and Wang, Yingfeng (2006). Intelligent Anti-money Laundering System. In: 2006 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2006), Proceedings. IEEE International Conference on Service Operations and Logistics and Informatics, Shanghai, Peoples Republic of China, (851-856). 21-23 June 2006. doi:10.1109/SOLI.2006.328967


Author Gao, Shijia
Xu, Dongming
Wang, Huaiqing
Wang, Yingfeng
Title of paper Intelligent Anti-money Laundering System
Conference name IEEE International Conference on Service Operations and Logistics and Informatics
Conference location Shanghai, Peoples Republic of China
Conference dates 21-23 June 2006
Proceedings title 2006 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2006), Proceedings
Journal name 2006 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2006), Proceedings
Place of Publication New York , U.S.A.
Publisher IEEE
Publication Year 2006
Sub-type Fully published paper
DOI 10.1109/SOLI.2006.328967
Open Access Status
ISBN 1-4244-0317-0
Start page 851
End page 856
Total pages 6
Language eng
Abstract/Summary Criminal elements in today's technology-driven society are using every means available at their disposal to launder the proceeds from their illegal activities. While many anti-money laundering solutions have been in place for some time within the financial community, they cannot adapt to the ever-changing risk and methods in relation to money laundering. In order for a more adaptive, intelligent and flexible solution for anti-money laundering, the intelligent agent technology is applied in this research. Intelligent agents with their properties of autonomy, reactivity and proactivity are well suited for money laundering prevention controls. Several types of agents are proposed and a novel and open multi-agent architecture is presented for anti-money laundering. A prototype system for, money laundering detection is also developed to demonstrate the advances of the proposed system architecture and business value.
Subjects 1503 Business and Management
0806 Information Systems
Keyword Anti-money laundering
Artificial intelligence application
Intelligent agents
Q-Index Code EX

Document type: Conference Paper
Sub-type: Fully published paper
Collections: Faculty of Business, Economics and Law -- Publications
Excellence in Research Australia (ERA) - Collection
 
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