Anti-money laundering systems: a systematic literature review

Abstract

Purpose

This paper aims to understand and document the state of the art in the anti-money laundering (AML) systems literature.

Design/methodology/approach

A systematic literature review (SLR) is performed using the Saudi Digital Library. The outputs published as conference proceedings, workshop proceedings, journal articles and books were all considered. The final sample size after omitting out-of-scope selections was 27 documents, which mainly span from 2015 to 2020.

Findings

The sample is discussed based on a categorization, which demarcates solutions, machine learning, data sources, evaluation methods, implementation tools, sampling techniques and regions of study.

Originality/value

This SLR could serve as a useful basis for researchers and salient decision-makers, who are seeking to understand the nature and extent of the currently available research into AML systems.

Citation

Alsuwailem, A.A.S. and Saudagar, A.K.J. (2020), "Anti-money laundering systems: a systematic literature review", Journal of Money Laundering Control, Vol. 23 No. 4, pp. 833-848. https://doi.org/10.1108/JMLC-02-2020-0018