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Transaction monitoring allow financial institutions to monitor the transactions made by their customers in real-time and/or on a daily basis.
These solutions not only look at current transactions, but also analyse a customer’s historical information and account profile. From there, an analysis of a customer can be provided, which can include risk levels and predicted future activity.
• Unusual transactions or account activity
• Transactions over a Threshold Limit
• Domestic or International money transfers over a certain value
• Large cash deposits and/or withdrawals
• Abnormal payments in cash or lavish gifts being given/received
• Excessive expense of payments
• An individual insisting on working with specific contractors or vendors
• Agreeing on vendor contracts that are not favorable to the organization

Red Flags About the Client:

Red flags:
The client is overly secret or evasive about:
who the client is
where the money is coming from
who the beneficial owner is
why they choose the payment method they used for the transaction

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