Quality Alchemist (品質煉金術師): COMPxMONASH Industry Master Class

2026年5月19日星期二

COMPxMONASH Industry Master Class - AI-Powered Risk & Compliance in Web3

The Research Centre for Blockchain Technology (RCBT) in the Department of Computing (COMP), PolyU and MONASH AI Institute, MONASH University cohost the Industry Master Class entitled AI-Powered Risk & Compliance in Web3 on 19^th May 2026. This master class offers a practical introduction to how AI-powered techniques are applied in Web3 to support risk detection and compliance. I attended the class and selfie before start.

In the beginning, Prof. Allen Au (COMP) gave a welcome message.

Then Prof. Joseph Liu (MONASH) gave an opening remark.

Prof. Joseph Liu was the first speaker and his topic entitled “Foundations of Blockchain, Cryptocurrencies & Privacy Technologies”. Firstly, he introduced their Fintech Lab and also briefed their areas of focus including Sustainable Finance, Trusted Digital Transformation, Inclusive Economic Systems and Ethical Digital Finance, etc.

Then he briefed what is Blockchain in two directions that one was distributed ledger and the other one is decentralized trust. And then he briefed the chronology of innovation since 2008. He also introduced digital signature especially ring signature for privacy.

Finally, he introduced his PhD thesis in 2004 for linkable ring signature and his research was employed in Monero 10 years later in 2014.

The second speaker was Prof. John Yuen (MONASH) and his presentation title was “Cryptocurrency vs. Traditional Finance: Understanding the AML Gap”. He introduced traditional Anti-Money Launching (AML) struggled in crypto.

He described the traditional finance handling the AML from ID verification (Know Your Customer – KYC) to transaction monitoring and then reporting. He explained why traditional AML works because of “Known ID”, “Central Control Point”, “Strong Regulatory Framework” and “Traceable Flows”.

But cryptocurrency transaction was difference because of “Pseudonymity”, “Permissionless Access”, “Borderless” and “Decentralized Ecosystem”. After that Prof. John Yuen compared traditional and crypto system that AML in traditional finance relies on structure but crypto removes it!

Lastly, he mentioned Crypto Money Laundering mechanism from placement to layering and integration. He summarized four core challenges and they were “Technical Complexity”, “Operational Scale”, “Legal & Regulatory Fragmentation” and “Attribution Problem”.

The third speaker was Dr. Teresa Wang (MONASH) and her topic named “AI Techniques for AML in Cryptocurrency”. She discussed rule based and AI based methods in crypto money laundering.

Then she compared the advantages and limitations of different approaches. Dr. Wang mentioned three approaches and they were Heuristic Rule-Based, Traditional Machine Learning-Based and Graph-Based Approach.

Finally, she mentioned key challenges such as demystifying mixer laundering and tracing privacy coin laundering. The future works should be from algorithm to system.

The fourth speaker was Prof. Andreas Deppeler (MONASH) and his presentation entitled “AML Compliance & Risk Management in Cryptocurrency Ecosystems”. He said stablecoins accounted for 30% of all on-chain crypto transaction volume by 2025! Stablecoin characteristics included high liquidity, near-instant settlement and global interoperability.

And then he briefed the Financial Action Task Force (FATF) which is the global standards for AML and counter-terrorist financing (CFT). After that he introduced the Travel Rule that adapted the FATF’s traditional payment transparency requirements.

Finally, Prof. Deppeler introduced different compliance and risk management in different areas including US, EU as well as HK.

The last speaker was Dr. Xiangmeng Wang (COMP) and her presentation topic named “Data Analytics in Fraud Detection: A Graph Learning and Causal Inference Perspective”. Firstly, she briefed three common frauds existing such as Financial Fraud, Fake Accounts & E-commerce Scams, and Money Laundering & Web3 Scams.