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International Symposium on Emerging Information Security and Applications

EISA 2021: Emerging Information Security and Applications pp 50–67Cite as

AMLChain: Supporting Anti-money Laundering, Privacy-Preserving, Auditable Distributed Ledger

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Part of the book series: Communications in Computer and Information Science ((CCIS,volume 1403))

Abstract

Anti-money laundering (AML), as an important measure to ensure financial security and social stability, has attracted more and more attention. However, due to customer privacy protection, market competition, and other reasons, the current regulatory authorities and financial institutions have not yet formed a customer information sharing mechanism, which makes it difficult to monitor suspicious transactions. In paper, we use the distributed digital identity based on the blockchain to improve over the traditional know your customer (KYC) authentication process by combining KYC and suspicious transaction identification. With the help of cryptographic tools such as zero-knowledge proofs, suspicious interbank transactions can be effectively identified while the legal privacy is preserved.

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Author information

Authors and Affiliations

  1. Central China Normal University, Wuhan, 430079, Hubei, China

    Yueyue He & Jiageng Chen

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  1. Yueyue He
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  2. Jiageng Chen
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Correspondence to Jiageng Chen .

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Editors and Affiliations

  1. Technical University of Denmark, Kongens Lyngby, Denmark

    Weizhi Meng

  2. Norwegian University of Science and Technology, Gjøvik, Norway

    Sokratis K. Katsikas

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He, Y., Chen, J. (2022). AMLChain: Supporting Anti-money Laundering, Privacy-Preserving, Auditable Distributed Ledger. In: Meng, W., Katsikas, S.K. (eds) Emerging Information Security and Applications. EISA 2021. Communications in Computer and Information Science, vol 1403. Springer, Cham. https://doi.org/10.1007/978-3-030-93956-4_4

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  • DOI: https://doi.org/10.1007/978-3-030-93956-4_4

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-93955-7

  • Online ISBN: 978-3-030-93956-4

  • eBook Packages: Computer ScienceComputer Science (R0)

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