# Corporate Fraud Detection in Rich-yet-Noisy Financial Graph

arXiv: https://arxiv.org/abs/2502.19305 · HTML: https://mlsanity.com/paper/2502.19305/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Builds on 26 of its 68 references that are in the map.
- First posted on arXiv 26 Feb 2025.

## Builds on (most cited first, 26 of 26)

- [Semi-Supervised Classification with Graph Convolutional Networks](https://mlsanity.com/paper/1609.02907/) (2016)
- [Graph Attention Networks](https://mlsanity.com/paper/1710.10903/) (2017)
- [Inductive Representation Learning on Large Graphs](https://mlsanity.com/paper/1706.02216/) (2017)
- [XGBoost: A Scalable Tree Boosting System](https://mlsanity.com/paper/1603.02754/) (2016)
- [Modeling Relational Data with Graph Convolutional Networks](https://mlsanity.com/paper/1703.06103/) (2017)
- [Deeper Insights into Graph Convolutional Networks for Semi-Supervised Learning](https://mlsanity.com/paper/1801.07606/) (2018)
- [Geometric deep learning: going beyond Euclidean data](https://mlsanity.com/paper/1611.08097/) (2016)
- [Embedding Entities and Relations for Learning and Inference in Knowledge Bases](https://mlsanity.com/paper/1412.6575/) (2014)
- [Complex Embeddings for Simple Link Prediction](https://mlsanity.com/paper/1606.06357/) (2016)
- [RotatE: Knowledge Graph Embedding by Relational Rotation in Complex Space](https://mlsanity.com/paper/1902.10197/) (2019)
- [Heterogeneous Graph Attention Network](https://mlsanity.com/paper/1903.07293/) (2019)
- [Making Deep Neural Networks Robust to Label Noise: a Loss Correction Approach](https://mlsanity.com/paper/1609.03683/) (2016)
- [Towards Deeper Graph Neural Networks](https://mlsanity.com/paper/2007.09296/) (2020)
- [Learning with Instance-Dependent Label Noise: A Sample Sieve Approach](https://mlsanity.com/paper/2010.02347/) (2020)
- [Dual T: Reducing Estimation Error for Transition Matrix in Label-noise Learning](https://mlsanity.com/paper/2006.07805/) (2020)
- [End-to-end Structure-Aware Convolutional Networks for Knowledge Base Completion](https://mlsanity.com/paper/1811.04441/) (2018)
- [A Second-Order Approach to Learning with Instance-Dependent Label Noise](https://mlsanity.com/paper/2012.11854/) (2020)
- [NRGNN: Learning a Label Noise-Resistant Graph Neural Network on Sparsely and Noisily Labeled Graphs](https://mlsanity.com/paper/2106.04714/) (2021)
- [DGL-KE: Training Knowledge Graph Embeddings at Scale](https://mlsanity.com/paper/2004.08532/) (2020)
- [Learning with Bounded Instance- and Label-dependent Label Noise](https://mlsanity.com/paper/1709.03768/) (2017)
- [Estimating Instance-dependent Bayes-label Transition Matrix using a Deep Neural Network](https://mlsanity.com/paper/2105.13001/) (2021)
- [Robust Training of Graph Neural Networks via Noise Governance](https://mlsanity.com/paper/2211.06614/) (2022)
- [Multiplex Heterogeneous Graph Convolutional Network](https://mlsanity.com/paper/2208.06129/) (2022)
- [Graph Transformer Networks: Learning Meta-path Graphs to Improve GNNs](https://mlsanity.com/paper/2106.06218/) (2021)
- [Cost Sensitive GNN-based Imbalanced Learning for Mobile Social Network Fraud Detection](https://mlsanity.com/paper/2303.17486/) (2023)
- [Company-as-Tribe: Company Financial Risk Assessment on Tribe-Style Graph with Hierarchical Graph Neural Networks](https://mlsanity.com/paper/2301.13492/) (2023)

## Abstract (arXiv)

Corporate fraud detection aims to automatically recognize companies that conduct wrongful activities such as fraudulent financial statements or illegal insider trading. Previous learning-based methods fail to effectively integrate rich interactions in the company network. To close this gap, we collect 18-year financial records in China to form three graph datasets with fraud labels. We analyze the characteristics of the financial graphs, highlighting two pronounced issues: (1) information overload: the dominance of (noisy) non-company nodes over company nodes hinders the message-passing process in Graph Convolution Networks (GCN); and (2) hidden fraud: there exists a large percentage of possible undetected violations in the collected data. The hidden fraud problem will introduce noisy labels in the training dataset and compromise fraud detection results. To handle such challenges, we propose a novel graph-based method, namely, Knowledge-enhanced GCN with Robust Two-stage Learning (rm KeGCNR), which leverages Knowledge Graph Embeddings to mitigate the information overload and effectively learns rich representations. The proposed model adopts a two-stage learning method to enhance robustness against hidden frauds. Extensive experimental results not only confirm the importance of interactions but also show the superiority of rm KeGCNR over a number of strong baselines in terms of fraud detection effectiveness and robustness.