Papers
arxiv:2405.19383

Network Analytics for Anti-Money Laundering -- A Systematic Literature Review and Experimental Evaluation

Published on Jul 22, 2025
Authors:
,
,
,
,

Abstract

Network analytics improves anti-money laundering detection, though graph neural networks require caution with imbalanced data and synthetic datasets can inflate performance.

Money laundering presents a pervasive challenge, burdening society by financing illegal activities. The use of network information is increasingly being explored to effectively combat money laundering, given it involves connected parties. This led to a surge in research on network analytics for anti-money laundering (AML). The literature is, however, fragmented and a comprehensive overview of existing work is missing. This results in limited understanding of the methods to apply and their comparative detection power. This paper presents an extensive and unique literature review, based on 97 papers from Web of Science and Scopus, resulting in a taxonomy following a recently proposed fraud analytics framework. We conclude that most research relies on expert-based rules and manual features, while deep learning methods have been gaining traction. This paper also presents a comprehensive framework to evaluate and compare the performance of prominent methods in a standardized setup. We compare manual feature engineering, random walk-based, and deep learning methods on two publicly available data sets. We conclude that (1) network analytics increases the predictive power, but caution is needed when applying GNNs in the face of class imbalance and network topology, and that (2) care should be taken with synthetic data as this can give overly optimistic results. The open-source implementation facilitates researchers and practitioners to extend this work on proprietary data, promoting a standardised approach for the analysis and evaluation of network analytics for AML.

Community

Sign up or log in to comment

Get this paper in your agent:

hf papers read 2405.19383
Don't have the latest CLI?
curl -LsSf https://hf.co/cli/install.sh | bash

Models citing this paper 0

No model linking this paper

Cite arxiv.org/abs/2405.19383 in a model README.md to link it from this page.

Datasets citing this paper 0

No dataset linking this paper

Cite arxiv.org/abs/2405.19383 in a dataset README.md to link it from this page.

Spaces citing this paper 0

No Space linking this paper

Cite arxiv.org/abs/2405.19383 in a Space README.md to link it from this page.

Collections including this paper 0

No Collection including this paper

Add this paper to a collection to link it from this page.