Explainable Feature Engineering for Multi-class Money Laundering Classification

This paper provides insight into typical money laundering typologies used in the financial crime domain and provides a concrete set of methods through the use of which fraudulent transactions may be classified using traditional machine learning algorithms and proving the efficacy of tree-based models in not only predictive power, but also explainability and ease of interpretation of results.

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Publication Details

Journal
Informatica Economica
Published
2025-03-30
DOI
https://doi.org/10.24818/issn14531305/29.1.2025.06
Primary Topic
Crime, Illicit Activities, and Governance
Type
article
Field-Weighted Citation Impact
0.00
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article

Explainable Feature Engineering for Multi-class Money Laundering Classification

Antoaneta Amza, Petre-Cornel GRIGORESCU
Informatica Economica
Crime, Illicit Activities, and Governance
article

Explainable Feature Engineering for Multi-class Money Laundering Classification

Antoaneta Amza, Petre-Cornel GRIGORESCU
article en

Abstract

This paper provides insight into typical money laundering typologies used in the financial crime domain and provides a concrete set of methods through the use of which fraudulent transactions may be classified using traditional machine learning algorithms and proving the efficacy of tree-based models in not only predictive power, but also explainability and ease of interpretation of results.

Informatica EconomicaVol. 29(1/2025)
Bucharest University of Economic Studies (RO)
Peace, Justice and strong institutions
Openalex Percentile: Top 77%
Crime, Illicit Activities, and Governance
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Explainable Feature Engineering for Multi-class Money Laundering Classification — Antoaneta Amza, Petre-Cornel GRIGORESCU · Informatica Economica (2025) | TGRS Research Map | TGRS