Detecting suspicious real estate transactions such as charter fraud with AI

2023-05-23 02:26:31

Research service through Real Estate Agency… Establishment of suspicious illegal transaction screening model

The government will strengthen monitoring using artificial intelligence (AI) to catch real estate abnormal transactions that are becoming increasingly organized and intelligent, such as charter fraud.

The Ministry of Land, Infrastructure and Transport announced on the 23rd that it held a briefing session at the Government Complex-Sejong on the 23rd of ‘Research on ways to prevent damage to real estate illegal acts using AI and to advance screening of abnormal real estate transactions’.

This research service is to enhance the regular monitoring system for abnormal transactions to prevent damage to consumers as illegal real estate activities such as charter fraud have recently become organized, intelligent, and wide-ranging.

Through this research service, the Ministry of Land, Infrastructure and Transport analyzes transaction patterns, holding period, number of real estate holdings, and relationships with real estate agents through actual transaction data and AI/social network analysis techniques, and then efficiently selects abnormal transactions suspected of real estate illegal activity. We are going to build a model that can do it.

In addition, in order to verify the abnormal transaction screening model, we plan to promote system function improvement, such as introducing a real estate abnormal transaction screening model in the real estate transaction management system (RTMS) in the future through a mock survey targeting areas where charter fraud is frequent and the vicinity of large-scale development sites. am.

The Korea Real Estate Agency is in charge of the research, and the service period is six months.

Nam Yeong-woo, director of land policy at the Ministry of Land, Infrastructure and Transport said, “As patterns of illegal activities such as charter fraud are organized and intelligent, there are limits to screening abnormal transactions with the existing method.” We will prepare a plan to establish a monitoring system that can

Reporter Kim Jin-hee of Helloty |

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