A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities
The rapid expansion of internet finance and fintech has introduced increasingly sophisticated illegal financial activities that challenge traditional regulatory frameworks. Existing regulatory approaches often lack the depth and adaptability to effectively identify and manage these evolving risks. T...
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| Format: | Article |
| Language: | English |
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Society for Risk Analysis - China
2024-12-01
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| Series: | Journal of Risk Analysis and Crisis Response (JRACR) |
| Subjects: | |
| Online Access: | https://doi.org/10.54560/jracr.v14i4.558 |
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| author | Zhong-qiang Zhou Ling Li Ping Huang |
| author_facet | Zhong-qiang Zhou Ling Li Ping Huang |
| author_sort | Zhong-qiang Zhou |
| collection | DOAJ |
| description | The rapid expansion of internet finance and fintech has introduced increasingly sophisticated illegal financial activities that challenge traditional regulatory frameworks. Existing regulatory approaches often lack the depth and adaptability to effectively identify and manage these evolving risks. This study proposes a comprehensive, multi-dimensional risk monitoring model tailored to detect illegal financial activities, based on four core dimensions: investor behavior, intermediary platforms, investment products, and regional factors. The model integrates six primary and 26 secondary indicators, enabling quantitative assessment of risk levels and early warning detection. By applying this model to empirical data, our findings highlight specific risk drivers and propose policy recommendations aimed at strengthening regulatory measures. This framework provides regulatory bodies with a practical tool for timely intervention, thereby enhancing financial stability and protecting investor interests. |
| format | Article |
| id | doaj-art-1596aa684caf4c898a93199bd725cc56 |
| institution | Kabale University |
| issn | 2210-8491 2210-8505 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Society for Risk Analysis - China |
| record_format | Article |
| series | Journal of Risk Analysis and Crisis Response (JRACR) |
| spelling | doaj-art-1596aa684caf4c898a93199bd725cc562025-01-03T09:06:45ZengSociety for Risk Analysis - ChinaJournal of Risk Analysis and Crisis Response (JRACR)2210-84912210-85052024-12-01144-4472488https://doi.org/10.54560/jracr.v14i4.558A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial ActivitiesZhong-qiang Zhou0Ling Li1Ping Huang2School of Applied Economics, Guizhou University of Finance and Economics, Guiyang (550025), Guizhou, China; Laboratory of Artificial Intelligence and Digital Finance, Guizhou University of Finance and Economics, Guiyang (550025), Guizhou, ChinaSchool of Applied Economics, Guizhou University of Finance and Economics, Guiyang (550025), Guizhou, China; Laboratory of Artificial Intelligence and Digital Finance, Guizhou University of Finance and Economics, Guiyang (550025), Guizhou, ChinaSchool of Accounting, Guizhou University of Commerce, Guiyang (550025), Guizhou, China; Correspondence: E-mail: hpinger@163.com; Tel.: +86-15285081939The rapid expansion of internet finance and fintech has introduced increasingly sophisticated illegal financial activities that challenge traditional regulatory frameworks. Existing regulatory approaches often lack the depth and adaptability to effectively identify and manage these evolving risks. This study proposes a comprehensive, multi-dimensional risk monitoring model tailored to detect illegal financial activities, based on four core dimensions: investor behavior, intermediary platforms, investment products, and regional factors. The model integrates six primary and 26 secondary indicators, enabling quantitative assessment of risk levels and early warning detection. By applying this model to empirical data, our findings highlight specific risk drivers and propose policy recommendations aimed at strengthening regulatory measures. This framework provides regulatory bodies with a practical tool for timely intervention, thereby enhancing financial stability and protecting investor interests.https://doi.org/10.54560/jracr.v14i4.558illegal financial activitiesrisk assessmentfinancial fraud detection |
| spellingShingle | Zhong-qiang Zhou Ling Li Ping Huang A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities Journal of Risk Analysis and Crisis Response (JRACR) illegal financial activities risk assessment financial fraud detection |
| title | A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities |
| title_full | A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities |
| title_fullStr | A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities |
| title_full_unstemmed | A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities |
| title_short | A Comprehensive Multi-Dimensional Risk Monitoring Model for Illegal Financial Activities |
| title_sort | comprehensive multi dimensional risk monitoring model for illegal financial activities |
| topic | illegal financial activities risk assessment financial fraud detection |
| url | https://doi.org/10.54560/jracr.v14i4.558 |
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