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2 articles for “money laundering”
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Money Laundering Transaction with Machine Learning
Abstract: This study discusses the use of machine learning algorithms to discover firms that are prone to money laundering. The purpose of this research is to develop, describe, and test a machine learning model for determining which bank transactions should be physically scrutinized for money laundering activities. To train a supervised machine learning model, three categories of historical data are required: legitimate "normal" transactions, transactions flagged as suspicious by the bank's …
Published in Current Trends in Information Technology · Vol. 14, Issue 2, 2024 · pp. 1–15 Read article
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Unveiling the Veil of Black Money Understanding Its Impact on Economic Stability and Policy Formulation in India
Abstract: The issue of black money has emerged as a critical concern for India, undermining economic stability and challenging the effectiveness of policy formulation. Black money, generated through unaccounted income and tax evasion, exerts a detrimental influence on multiple facets of the economy, including resource allocation, income distribution, and public trust in governance. This study examines the multifaceted impact of black money on India’s economic framework, highlighting its role in distorting …
Published in Recent Trends in Social Studies · Vol. 2, Issue 2, 2025 · pp. 1–10 Read article