Mining Framework w7.docx ITS- 632 Detection of Suspicious Transaction in Anti-Money L

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Mining Framework w7.docx ITS- 632 Detection of Suspicious Transaction in Anti-Money Laundering(AML) Using Data Mining Framework Intro to Data Mining (ITS- 632) University of Cumberlands Abstr... act Today, money laundering has become a major threat for financial institutions and also to the country. These criminal activities are becoming more sophisticated and seem to have shifted from drug trafficking to terrorist financing and personal gain will not be forgotten. Many international financial institutions continue to implement anti-money laundering solutions to combat investment fraud. Data mining methods have been developed recently and are considered as an appropriate strategy to identify money laundering activities. A joint venture aimed at developing a new solution for anti-money laundering units at the International Investment Bank provides a simple and effective solution based on data mining to comba. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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