Suspicious Activity Report

Suspicious Activity Report

Purpose

The Suspicious Activity Report contains two points of enquiry:
  1. Reports suspicious level of Cashbook transaction processed (unusual dollar amounts or number of transactions)
  2. Reports accounts that have been dormant (no transactions have been processed) for a specified amount of time that begins to show transactional activity again
The report may be run once with the two report parameter groups completed, or separately as the Suspicious Transaction Activity report and then the Dormant Account report.

Timing

The reports may be run at any time.

Usually run monthly for AML/CFT reporting compliance.

Access

  1. Accounts | Print Suspicious Activity Report

Report

The below dialog will be presented

Suspicious Transaction Activity

Report Specific Parameters

Field
Explanation
Transaction Date Rate
Enter here transaction date range that the report should investigate
Number of Transactions
Check the box to search by this field

This is the minimum number of transactions that must have been posted in the date specified for the account to appear on the report

E.g. If '5' is entered, then only accounts with 5 or more Cashbook transactions in the date range would be reported
Transactions of at Least
Check the box to search by this field

This is the minimum dollar value of the transactions required on the account in the date range specified
Systems to Investigate
Check on all of the Account modules that the report should query

If left blank, all modules will be reported by default

Note: 'Number of Transactions' and 'Transactions of at Least' may be used separately or together

For Example:
A search for any Cashbook Transaction over the value of $10,000 can be completed by checking on 'Transactions of at Least'  and entering the $10,000 value.

Alternatively, a search for any accounts with more then 10 transactions in the date range can be specified can be completed by checking on 'Number of Transactions' and entering the 10 value.

The checkboxes may also be used in conjunction, for example, checking on both and entering 3 for 'Number of Transactions' and $1,000 for 'Transactions of at Least' would only return accounts with 3 or more transactions of $1,000 in the date range specified.

Reactivated Dormant Accounts

Report Specific Parameters

Field
Explanation
Weeks of Activity
This is the number of weeks (from today) that the report should investigate for transaction activity
Months Dormant
This is the minimum number of months dormant the account should have been prior to the specified number or activity weeks
Systems to Investigate
Check on all of the Account modules that the report should query

If left blank, all modules will be reported by default

For Example:
The required result is to report any accounts that have been dormant for at least 2 years and that have had transactional activity in the last 3 months.

Weeks of Activity would be entered as 13 (13 weeks = 3 months)

Months Dormant would be entered as 27 (3 months transactional activity + 24 months dormant)

Report Output

If there are no suspicious accounts or transactions within the selection criteria a blank report will be produced.

This should be filed for audit purposes to prove the report has been run.

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