INCREASING PERFORMANCE IN ANTI-MONEY LAUNDERING TRANSACTION MONITORING USING ARTIFICIAL INTELLIGENCE
First Claim
1. An artificial-intelligence based, electronic computer implemented system for generating an alert to a likelihood of money laundering activity within a financial environment, comprising at least one computer that includes both hardware and software components, that together or individually form at least:
- a smart agent generating means for generating a smart agent for each entity capable of acting by itself or in concert with another in furtherance of money laundering activity;
an updating means for updating each smart agent with transaction based data associated therewith so that each smart agent models an individual entity behavior profile;
a supervised learning model for a first-pass detection of potential money laundering activity;
an unsupervised learning model for reducing false positive and enhancing detection of potential money laundering activity; and
an alerting means for generating an alert to a likelihood of money laundering activity within the financial environment.
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Accused Products
Abstract
Provided is an artificial-intelligence based, electronic computer implemented system for generating an alert to a likelihood of money laundering activity within a financial environment, comprising at least one computer that includes both hardware and software components. The components form: a smart agent generating means for generating a smart agent for each entity capable of acting by itself or in concert with another in furtherance of money laundering activity; an updating means for updating each smart agent with transaction based data (financial and/or non-financial) associated therewith so that each smart agent models an individual entity behavior profile; a supervised learning model for a first-pass detection of potential money laundering activity; an unsupervised learning model for reducing false positive and enhancing detection of potential money laundering activity; and an alerting means for generating an alert to a likelihood of money laundering activity within the financial environment. Alternative systems are also provided.
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Citations
17 Claims
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1. An artificial-intelligence based, electronic computer implemented system for generating an alert to a likelihood of money laundering activity within a financial environment, comprising at least one computer that includes both hardware and software components, that together or individually form at least:
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a smart agent generating means for generating a smart agent for each entity capable of acting by itself or in concert with another in furtherance of money laundering activity; an updating means for updating each smart agent with transaction based data associated therewith so that each smart agent models an individual entity behavior profile; a supervised learning model for a first-pass detection of potential money laundering activity; an unsupervised learning model for reducing false positive and enhancing detection of potential money laundering activity; and an alerting means for generating an alert to a likelihood of money laundering activity within the financial environment. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. An artificial-intelligence based, electronic computer implemented system for complying with anti-money laundering rules and/or regulations within a financial environment, comprising at least one computer that includes both hardware and software components, that together or individually form at least:
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a smart agent generating means for generating a smart agent for each entity capable of acting by itself or in concert with another in furtherance of money laundering activity; an updating means for updating each smart agent with transaction based data associated therewith so that each smart agent models an individual entity behavior profile; supervised and unsupervised learning models for detection of potential money laundering activity via input from one or more investigators; and a behavior monitoring and/or analyzing means for detecting suspicious behavior as evidenced by application of the models to smart agent behavior within the financial environment. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An artificial-intelligence based, electronic computer implemented system for effecting case management in complying with anti-money laundering rules and/or regulations within a financial environment, comprising at least one computer that includes both hardware and software components, that together or individually form at least:
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a smart agent generating means for generating a smart agent for each entity capable of acting by itself or in concert with another in furtherance of money laundering activity; an updating means for updating each smart agent with transaction based data associated therewith so that each smart agent models an individual entity behavior profile; supervised and unsupervised learning models for detection of potential money laundering activity; and a contextual information analyzing means for detecting suspicious behavior under case management by application of the models to smart agent behavior within the financial environment. - View Dependent Claims (16, 17)
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Specification