Mário Cardoso

Mário Cardoso, Pedro Saleiro, Pedro Bizarro

Anti-money laundering (AML) regulations mandate financial institutions to deploy AML systems based on a set of rules that, when triggered, form the basis of a suspicious alert to be assessed by human analysts. Reviewing these cases is a cumbersome and complex task that requires analysts to navigate a large network of financial interactions to validate suspicious movements. Furthermore, these systems have very high false positive rates (estimated to be over 95\%). The scarcity of labels hinders the use of alternative systems based on supervised learning, reducing their applicability in real-world applications. In this work we present LaundroGraph, a novel self-supervised graph representation learning approach to encode banking customers and financial transactions into meaningful representations. These representations are used to provide insights to assist the AML reviewing process, such as identifying anomalous movements for a given customer. LaundroGraph represents the underlying network of financial interactions as a customer-transaction bipartite graph and trains a graph neural network on a fully self-supervised link prediction task. We empirically demonstrate that our approach outperforms other strong baselines on self-supervised link prediction using a real-world dataset, improving the best non-graph baseline by $12$ p.p. of AUC. The goal is to increase the efficiency of the reviewing process by supplying these AI-powered insights to the analysts upon review. To the best of our knowledge, this is the first fully self-supervised system within the context of AML detection.

Ricardo Moreira, Jacopo Bono, Mário Cardoso et al.

Model interpretability plays a central role in human-AI decision-making systems. Ideally, explanations should be expressed using human-interpretable semantic concepts. Moreover, the causal relations between these concepts should be captured by the explainer to allow for reasoning about the explanations. Lastly, explanation methods should be efficient and not compromise the performance of the predictive task. Despite the rapid advances in AI explainability in recent years, as far as we know to date, no method fulfills these three properties. Indeed, mainstream methods for local concept explainability do not produce causal explanations and incur a trade-off between explainability and prediction performance. We present DiConStruct, an explanation method that is both concept-based and causal, with the goal of creating more interpretable local explanations in the form of structural causal models and concept attributions. Our explainer works as a distillation model to any black-box machine learning model by approximating its predictions while producing the respective explanations. Because of this, DiConStruct generates explanations efficiently while not impacting the black-box prediction task. We validate our method on an image dataset and a tabular dataset, showing that DiConStruct approximates the black-box models with higher fidelity than other concept explainability baselines, while providing explanations that include the causal relations between the concepts.