Data Mining Techniques for Anti-Money Laundering

We use a data mining framework that is based on evaluating four types of neural networks, and that uses dataobtained from regular records collected from banks, to produce a classification conclusion on "who are money laundering and who are not". This will be attained by evaluating the outcomes of various types of neural networks, namely, the Multi-Layer Perceptron Neural Network (MLP), Probabilistic Neural Network (PNN), Radial Basis Function (RBF) and Linear Neural Network (LNN). Then compare these outcomes with standard statistical results. Creating by this an accurate and fast basis for decision-making which otherwise could take days or even months.