METHOD FOR DETECTING AND TRACKING CORRESPONDENT ITEMS FROM U.S. SUBSIDIARIES OF INTERNATIONAL BANKS

摘要

Check transaction data is analyzed to identify checks drawn on U.S. subsidiaries of international financial institutions. The accounts into which the identified checks are determined, and the owners of the accounts identified. The number, amounts, and frequency of such deposits may be indicative of certain types of fraud. Deposits of checks drawn on U.S. subsidiaries of international financial institutions may be detected across a plurality of accounts owned by the same owner at different depository institutions.

主权项

1. A computerized system, comprising:
a processor; and data storage, the data storage holding one or more databases holding records of check-based financial transactions and other information; wherein the system is specially programmed to: identify from the one or more computerized databases a number of checks that have been drawn on U.S. subsidiaries of international financial institutions; for each of the identified checks, identify the owner of the account into which the check was deposited; for each of a number of identified account owners, count the number of the identified checks deposited into one or more accounts owned by the respective identified owner; and produce a report of the respective number of identified checks deposited into one or more accounts owned by the respective identified owners.