Social Network Analysis

Booz Allen Hamilton uses Social Network Analysis to analyze the structure of connections across diverse types of entities—people, places, organizations, locations, goods, resources, and events. The outcome is a product that allows our analysts to understand how the structure of nonphysical networks affects the behavior of its members at multiple levels—individuals, groups, and organizations.

Booz Allen can apply Social Network Analysis techniques, such as link analysis, clustering, and block modeling, against financial and transactional data sets to help financial institutions protect themselves against illicit or fraudulent activities. Using Social Network Analysis, Booz Allen can:

Reveal the hidden relationships between people, banks, and organizations
Identify previously unknown key individuals within a financial network
Uncover transactions conducted by a set of entities over time inconsistent with normal business and individual check cashing activities
Uncover entities having unusual numbers of financial transactions over time not typical of the business or occupation of the entities
Detect locations to effectively monitor for suspicious financial transactions
Determine individuals to target to effectively disable illegal networks
Reveal organizations that enable the illegal transfer of funds
Help stop unintentional prohibited transfers to/from account transactions with a bank’s non-customers
Trace the relationships between a country’s leaders and its financial infrastructure

Booz Allen begins by working to understand our client’s problem and data. From this we develop a package of analysis processes and tools to augment and enhance the existing production environment.

Social Network Analysis is a tool that financial institutions should include in their Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) regimen. The various social network analysis techniques can be applied to account and transactional databases to improve the robustness of an AML/CTF monitoring program, “Know your Customer” compliance, and the accuracy of Suspicious Activity Reports (SAR).

Booz Allen’s Advanced Analytics service offering combines the industry knowledge and analysis experience of our staff with the technical capabilities of social network analysis and network analysis software tools, allowing clients to perform comprehensive data analysis activities in just a few weeks. Booz Allen works closely with each client to develop the right solution, translating expertise into even more powerful, tailored analytic tools and techniques that produce definitive results for the client.