Today, money laundering (ML) poses a serious threat not only to financial institutions but also to the nation. This criminal activity is becoming more and more sophisticated and seems to have moved from the cliché of drug trafficking to financing terrorism and surely not forgetting personal gain. Most international financial institutions have been implementing anti-money laundering solutions (A...

Maitland and Boyd proposed at ICICS 2001 an offline electronic cash system based on the group signature scheme. Their scheme cannot be used to solve blackmailing and other anonymity problems such as money laundering and illegal purchases. In this paper we extend the electronic cash system of Maitland and Boyd to prevent blackmailing, money laundering and illegal purchases by using a secure coal...

Numerous states have recently legalized recreational marijuana, which has created a burgeoning marijuana industry needing and demanding access to a variety of banking and financial services. Due, however, to the interplay between the federal criminalization of marijuana and federal anti-money laundering laws, U.S. financial institutions cannot handle legally the proceeds from marijuana activity...

Money laundering is the process that criminals conceal or disguise their crimes and redirect those proceeds into goods or services. Examples of illegal sources of income are betting operations, drug trafficking, illegal gambling and bribery. In this paper, we applied the big data analytics for a case company to detect possible money laundering activities. A partial database from an excel data f...

Money laundering is a process designed to conceal the true origin of funds that were originally derived from illegal activities. Because money laundering often involves criminal activities, financial institutions have the responsibility to detect and report it to the appropriate government agencies in a timely manner. But the huge number of transactions occurring each day make detecting money l...

t the core of all wire transfer monitoring proposals are one or more computer technologies. Many of these technologies rely upon techniques developed in the field of artificial intelligence (AI). Others involve computer graphics and statistical computing. Wire transfer monitoring proposals generally involve a combination of technologies, institutional structures, and reporting requirements. Fou...