Link Analysis and Shortest Path Algorithm for Money Laundry Detection

Mansoor Al-Thani, Dena Al-Thani

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Money laundering is a process where money from illegal sources is transferred through fraud and concealment to make it appear as legal and legitimate. It is estimated that 2-5% of global GDP is laundered every year. The identification of suspects involved in the laundering network is significantly challenging. This work reports on the utilization of a modified method to identify further money laundering nodes starting with two prior identified suspects. Link analysis was used to transform the weight of the link in a money laundering network starting with two suspects into a distance measured in a new graph representation. The shortest-path algorithm was then utilized to identify the optimal path between two nodes, which cannot be used directly to necessarily identify the strongest association between the pair of nodes. The results show that this method is efficient when large data sets are investigated and when data structure involves minimal attributes to start with.

Original languageEnglish
Title of host publication2023 International Symposium on Networks, Computers and Communications, ISNCC 2023
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350335590
DOIs
Publication statusPublished - 2023
Event2023 International Symposium on Networks, Computers and Communications, ISNCC 2023 - Doha, Qatar
Duration: 23 Oct 202326 Oct 2023

Publication series

Name2023 International Symposium on Networks, Computers and Communications, ISNCC 2023

Conference

Conference2023 International Symposium on Networks, Computers and Communications, ISNCC 2023
Country/TerritoryQatar
CityDoha
Period23/10/2326/10/23

Keywords

  • Dijkstra's Algorithm
  • Link analysis
  • money laundry
  • shortest path

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