Data Mining Model for Money Laundering Detection in Financial Domain

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Provided by: International Journal of Computer Applications
Topic: Big Data
Format: PDF
One of the likeliest problems faced by the banks is the way the nature of money transaction takes place is not always known to the bank. One such problem consisting large amounts of money transferring through various accounts by the same person or entity is money laundering. Money laundering system is quite a convoluted process. It takes some understanding of the fund transferring activities at various stages. The system that works against money laundering is Anti-Money Laundering (AML) system.
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