Bank Account Classification for Gambling Transactions

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

Financial services provided by banks are often misused for money laundering. Gambling is a criminal offense in the jurisdiction of the Republic of Indonesia. The increase in the number of customers is a challenge for the Bank to supervise the financial transactions. Based on the previous research, classification in machine learning often used to identify money laundering in the banking industry. However, there are no studies about identifying misuse of accounts in gambling activities using machine learning. This research used real financial transaction data using the SLR, experimental, and semi structured interviews with several Subject Matter Expertise. The results of this study indicate the classification with ensemble algorithms such as LightGBM can identify gambling accounts. Based on the evaluation results of classification performance with LightGBM, this model has the best performance compared to other ensemble models at a precision of 97.26%. These findings can be used as a basis for automatic reporting of suspicious financial transactions to financial regulatory.

Original languageEnglish
Title of host publication3rd 2021 East Indonesia Conference on Computer and Information Technology, EIConCIT 2021
EditorsRayner Alfred, Haviluddin Haviluddin, Aji Prasetya Wibawa, Joan Santoso, Fachrul Kurniawan, Hartarto Junaedi, Purnawansyah Purnawansyah, Endang Setyati, Herman Thuan To Saurik, Esther Irawati Setiawan, Eka Rahayu Setyaningsih, Edwin Pramana, Yosi Kristian, Kelvin Kelvin, Devi Dwi Purwanto, Eunike Kardinata, Prananda Anugrah
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages302-308
Number of pages7
ISBN (Electronic)9781665405140
DOIs
Publication statusPublished - 9 Apr 2021
Event3rd East Indonesia Conference on Computer and Information Technology, EIConCIT 2021 - Virtual, Surabaya, Indonesia
Duration: 9 Apr 202111 Apr 2021

Publication series

Name3rd 2021 East Indonesia Conference on Computer and Information Technology, EIConCIT 2021

Conference

Conference3rd East Indonesia Conference on Computer and Information Technology, EIConCIT 2021
Country/TerritoryIndonesia
CityVirtual, Surabaya
Period9/04/2111/04/21

Keywords

  • classification
  • gambling
  • machine learning
  • money laundering

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