Han, Jingguang, Barman, Utsab, Hayes, Jer, Du, Jinhua ORCID: 0000-0002-3267-4881, Burgin, Edward and Wan, Dadong (2018) NextGen AML: distributed deep learning based language technologies to augment anti money laundering Investigation. In: 56th Annual Meeting of the Association for Computational Linguistics-System Demonstrations, 15-20 July 201, Melbourne, Australia.
Abstract
Most of the current anti money laundering (AML) systems, using handcrafted
rules, are heavily reliant on existing structured databases, which are not capable
of effectively and efficiently identifying
hidden and complex ML activities, especially those with dynamic and timevarying characteristics, resulting in a high
percentage of false positives. Therefore,
analysts1
are engaged for further investigation which significantly increases human capital cost and processing time. To
alleviate these issues, this paper presents
a novel framework for the next generation AML by applying and visualizing deep learning-driven natural language
processing (NLP) technologies in a distributed and scalable manner to augment
AML monitoring and investigation. The
proposed distributed framework performs
news and tweet sentiment analysis, entity recognition, relation extraction, entity linking and link analysis on different data sources (e.g. news articles and
tweets) to provide additional evidence to
human investigators for final decisionmaking. Each NLP module is evaluated
on a task-specific data set, and the overall experiments are performed on synthetic
and real-world datasets. Feedback from
AML practitioners suggests that our system can reduce approximately 30% time
and cost compared to their previous manual approaches of AML investigation.
Metadata
Item Type: | Conference or Workshop Item (Paper) |
---|---|
Event Type: | Conference |
Refereed: | Yes |
Subjects: | Computer Science > Machine translating |
DCU Faculties and Centres: | UNSPECIFIED |
Published in: | Liu, Fei and Solorio, Thamar, (eds.) Proceedings of ACL 2018, System Demonstrations. . Association for Computational Linguistics. |
Publisher: | Association for Computational Linguistics |
Official URL: | https://www.aclweb.org/anthology/P18-4007 |
Copyright Information: | © 2018 Association for Computational Linguistics |
Use License: | This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License |
Funders: | Accenture Labs Dublin, Enterprise Ireland under the Research Programme (Grant EI.IP20170626), Science Foundation Ireland (SFI) Industry Fellowship Programme 2016 (Grant 16/IFB/4490). |
ID Code: | 23358 |
Deposited On: | 24 May 2019 15:12 by Thomas Murtagh . Last Modified 24 May 2019 15:12 |
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