Financial fraud is becoming increasingly complex alongside the growth of digital financial ecosystems, causing conventional fraud detection approaches based on handcrafted rules and tabular machine learning models to face limitations in identifying coordinated fraudulent activities. This study aims to analyze the application of Graph Neural Networks (GNNs) for financial fraud detection by utilizing transaction attributes and graph structural information. A quantitative experimental approach was conducted using the publicly available Elliptic Bitcoin Transaction Dataset, where transactions were modeled as graph nodes and relationships between transactions as graph edges. The proposed method implemented a Graph Attention Network (GAT) and compared its performance with Graph Convolutional Networks (GCN), GraphSAGE, and Graph Isomorphism Networks (GIN). Data preprocessing involved feature normalization, graph construction, and supervised learning on labeled transaction data. Model evaluation was performed using Accuracy, Precision, Recall, F1-score, ROC-AUC, and PR-AUC metrics. The results show that attention-based graph learning provides superior performance in detecting fraudulent transactions by assigning adaptive importance to relevant neighboring nodes during information propagation. Furthermore, graph representation learning effectively captures interconnected fraud patterns that are difficult to identify using conventional machine learning methods. These findings highlight the potential of GNNs as an intelligent approach for improving financial fraud detection and supporting risk management systems in increasingly complex digital financial environments.
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