Monetary Transaction Fraud Detection System Based on Machine Learning Strategies

Chandradeva, Lakshika Sammani; Amarasinghe, Thushara; Silva, Minoli De; Aponso, Achala; Krishnarajah, Naomi

doi:10.1007/978-981-15-0637-6_33

Cited by 5 publications

(1 citation statement)

References 14 publications

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“…This method cannot change the rule based on behavioural changes in offenders due to having a non-dynamic system. This causes the indicators of those institutions to appear false positively (Moustafa et al , 2015; Chandraeva et al , 2020); therefore, these methods do not have the necessary efficiency. Money laundering weakens the integrity of financial systems, leads to a loss of control over the country's economic policies, distorts the economy, causes instability in investments and creates lower tax revenues for the government (Aluko and Bagheri, 2012; Chen et al , 2018).…”

Section: Theoretical Foundations and Hypothesis Developmentmentioning

confidence: 99%

The effect of corporate lobbying on fraud and money laundering

Salehi

Norouzi

2022

JMLC

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Purpose This study aims to assess the effect of corporate lobbying power on fraud and money laundering in listed firms on the Tehran Stock Exchange. For the study, the information of 173 firms is assessed during 2013–2020, and a total number of 1,384 year-companies are analysed. Design/methodology/approach In this paper, the Beneish model is used for fraud detection, and the clause of the auditor’s report on money laundering is used for the variable of money laundering. The multivariate regression, Logistic regression, the fixed effects of panel data, additional random effects tests, Hausman, least generalised squares and T + 1 are used by using the Stata Software. Findings The obtained results indicate a direct and significant relationship between lobbying and fraud and lobbying and money laundering. Suppose the board members of firms are among the parliament members or the government cabinet (politicians) and/or major shareholders affiliated with state-owned and/or quasi-governmental institutions. In that case, the likelihood of corporate lobbying will be increased. Originality/value The outcomes of the current study give great insight to developing countries due to the high volume of money laundering to reduce such a financial crime.

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