System and Method For Identifying Suspicious Financial Transactions

摘要

A computer system detects questionable financial transactions. The system includes a data source component configured to access a database of transaction data, and a data storage component configured to store transaction data that is to be reviewed. An account compilation component of the system is configured to compile data sets from the transaction data. Each data set includes pertinent external transactions in the transaction data that are related to a particular individual client during a screening time interval. The account compilation component excludes internal transactions from the data sets. A screening component is configured to compare each data set with at least one screening criterion. A reporting component is configured to report data sets that satisfy the at least one screening criterion.

主权项

1. A computer system for detecting financial transactions by individual clients appropriate for review, the computer system comprising:
one or more data storage devices storing a list of excluded internal transaction types and financial transaction data for financial transactions by the individual clients; one or more computer processors in communication with the one or more data storage devices; a communications device in communication with the one or more computer processors and the one or more data storage devices; and a memory, coupled to the one or more computer processors, storing program instructions which are operative with the one or more computer processors to:
receive one or more financial transactions;compare each of the received financial transactions to the list of excluded internal transaction types;determine, for each of the financial transactions, based on the comparison, whether the financial transaction is an excluded internal transaction;responsive to a determination that the financial transaction is an excluded internal transaction, exclude the financial transaction from additional screening;responsive to a determination that the financial transaction is not an excluded internal transaction:
determine whether a compilation of transactions already exists for transactions of the respective individual client;responsive to a negative determination that the compilation of transactions already exists for the respective individual client, create the compilation of transactions for the respective individual client; andadd the financial transaction to the compilation of transactions for the respective individual client that performed the financial transaction, thereby compiling separate compilations of transactions for one or more of the individual clients from the financial transaction data, each compilation of transactions comprising financial transaction data related to a respective individual client;compare, for each compilation of transactions, the external financial transactions in the compilation of transactions for the respective individual client, with at least one screening criterion for detecting a suspicious pattern of financial transaction activity by each respective individual client;determine, based on the comparison, whether the compilation of transactions for the respective individual client includes financial transactions that match the at least one screening criterion; andresponsive to an affirmative determination that the compilation of transactions includes financial transactions that match the at least one screening criterion, add the compilation of transactions to a monitoring report; andoutput the monitoring report for review.