Exploring Multi-Banking Customer-to-Customer Relations in AML Context with Poincaré Embeddings
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In the recent years money laundering schemes have grown in complexity and speed of realization, affecting financial institutions and millions of customers globally. Strengthened privacy policies, along with in-country regulations, make it hard for banks to inner- and cross-share, and report suspicious activities for the AML (Anti-Money Laundering) measures. Existing topologies and models for AML analysis and information sharing are subject to major limitations, such as compliance with regulatory constraints, extended infrastructure to run high-computation algorithms, data quality and span, proving cumbersome and costly to execute, federate, and interpret. This paper proposes a new topology for exploring multi-banking customer social relations in AML context – customer-to-customer, customer-to-transaction, and transaction-to-transaction – using a 3D modeling topological algebra formulated through Poincaré embeddings.
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