K Nearest Neighbour is an algorithm that stores all the available observations and classifies the new data based on a similarity measure.
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Using K Nearest Neighbours algorithm in scenario tuning
A new line of defence for AML teams?
Recent high-profile money laundering cases have affected the reputation of the EU's financial system. In response, the European Commission is taking immediate action – faster than ever – to close the gaps. On November 2018, only six months after the adoption of the Fifth EU Anti-Money Laundering Directive (5AMLD), the