Purpose – 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 (AML) solutions have been in place for some time within the financial community, they face the challenge to adapt to the ever-changing risk and methods in relation to money laundering (ML). This...

This theme-based book review considers four recent titles related to reform: They Eat Our Sweat: Transport Labor, Corruption, and Everyday Survival in Urban Nigeria, by Daniel E. Agbiboa; Assessing Public Management Reforms, Patrick Gibert Jean-Claude Thoenig; Combating Money Laundering Africa: Dealing with the Problem of PEPs, John Hatchard; The Effects Technology Institutions on E-Participati...

Money laundering is a profound global problem. Nonetheless, there little scientific literature on statistical and machine learning methods for anti-money laundering. In this paper, we focus in banks provide an introduction review of the literature. We propose unifying terminology with two central elements: (i) client risk profiling (ii) suspicious behavior flagging. find that characterized by d...