# Graph Network Models To Detect Illicit Transactions In Block Chain

arXiv: https://arxiv.org/abs/2410.07150 · HTML: https://mlsanity.com/paper/2410.07150/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Builds on 4 of its 12 references that are in the map.
- First posted on arXiv 23 Sep 2024.

## Builds on (most cited first, 4 of 4)

- [Semi-Supervised Classification with Graph Convolutional Networks](https://mlsanity.com/paper/1609.02907/) (2016)
- [Graph Attention Networks](https://mlsanity.com/paper/1710.10903/) (2017)
- [A Comprehensive Survey on Graph Neural Networks](https://mlsanity.com/paper/1901.00596/) (2019)
- [Anti-Money Laundering in Bitcoin: Experimenting with Graph Convolutional Networks for Financial Forensics](https://mlsanity.com/paper/1908.02591/) (2019)

## Abstract (arXiv)

The use of cryptocurrencies has led to an increase in illicit activities such as money laundering, with traditional rule-based approaches becoming less effective in detecting and preventing such activities. In this paper, we propose a novel approach to tackling this problem by applying graph attention networks with residual network-like architecture (GAT-ResNet) to detect illicit transactions related to anti-money laundering/combating the financing of terrorism (AML/CFT) in blockchains. We train various models on the Elliptic Bitcoin Transaction dataset, implementing logistic regression, Random Forest, XGBoost, GCN, GAT, and our proposed GAT-ResNet model. Our results demonstrate that the GAT-ResNet model has a potential to outperform the existing graph network models in terms of accuracy, reliability and scalability. Our research sheds light on the potential of graph related machine learning models to improve efforts to combat financial crime and lays the foundation for further research in this area.