Both retail and investment banks have a regulatory responsibility to monitor client transactions and report all operations that they believe might have ties to: money laundering, tax evasion, the financing of terrorist activities. This often implies training models to detect unusual transactions or transactions that follow a certain pattern that can be inferred from training examples.
Business benefitA batched analysis of client transactions power a web based application that internal compliance officers use to investigate operations that have been flagged and if needed raise an alert to the regulatory body investigating such matters
- AML teams (anti-money laundering)
- CSR teams (corporate and social responsibility)
Data inputs (mandatory)▪ Client transaction history
▪ Client IDs