DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING
Abstract & Details
Research Area
Information science and Engineering
Keywords
Anti Money Laundering
Automated
Hash-based association approach
Agent
Integrator
Graph Theoretic approach.
Abstract
Money laundering is a criminal activity of converting black money as white money. Money Laundering occurs in three stages: Placement, Layering, and Integration. It leads to various criminal activities like Political corruption, smuggling, financial frauds, terrorism etc. In India, there is no efficient Anti Money Laundering techniques available. The Reserve Bank of India (RBI), has guidelines to identify the suspicious transactions and send it to Financial Intelligence Unit (FIU). The FIU verifies if the transaction is actually suspicious or not.
This process is time consuming, manual and is inefficient method. To overcome this problem we propose an automated, Anti Money Laundering technique which can able to identify the traversal path of the Laundered money using Hash based Association approach and successful in identifying agent and integrator in the layering stage of Money Laundering by Graph Theoretic Approach.
License
This work is licensed under a Creative
Commons
Attribution-ShareAlike 4.0 International License.
Author Information
| # | Name | Institute / Affiliation |
|---|---|---|
| 1 | Aldriya Stella Mendez | NIE Institute of Technology, Mysore |
| 2 | Hani Suresh | NIE Institute of Technology, Mysore |
| 3 | Prajwal N | NIE Institute of Technology, Mysore |
| 4 | Mrs.Nandini MS | NIE Institute of technology |
How to Cite
Use the following formats to cite this article in your research.
APA Style
Mendez, Aldriya Stella, Suresh, Hani, N, Prajwal, & MS, Mrs.Nandini (2018). DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING. International Journal of Advance Research and Innovative Ideas In Education, 4(3), 891-894.
MLA Style
Mendez, Aldriya Stella, et al. "DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING." International Journal of Advance Research and Innovative Ideas In Education, vol. 4, no. 3, 2018, pp. 891-894.
IEEE Style
Aldriya Stella Mendez, Hani Suresh, Prajwal N, and Mrs.Nandini MS, "DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING," International Journal of Advance Research and Innovative Ideas In Education, vol. 4, no. 3, pp. 891-894, 2018.
Vancouver Style
Mendez Aldriya Stella, Suresh Hani, N Prajwal, MS Mrs.Nandini. DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING. International Journal of Advance Research and Innovative Ideas In Education. 2018;4(3):891-894.
Harvard Style
Mendez, Aldriya Stella, Suresh, Hani, N, Prajwal, & MS, Mrs.Nandini (2018) 'DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING', International Journal of Advance Research and Innovative Ideas In Education, 4(3), pp. 891-894.
Chicago Style
Mendez, Aldriya Stella, et al. "DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING." International Journal of Advance Research and Innovative Ideas In Education 4, no. 3 (2018): 891-894.
Turabian Style
Mendez, Aldriya Stella, et al. "DETECTION OF SUSPICIOUS ACCTOUNTS USED IN MONEY LAUNDERING." International Journal of Advance Research and Innovative Ideas In Education 4, no. 3 (2018): 891-894.
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