KNOW YOUR CUSTOMER ALERT SYSTEMS AND METHODS
First Claim
Patent Images
1. A method for identifying suspicious account activity, the method, comprising:
- maintaining one or more computerized databases holding records of financial transactions and other information, including information about financial transactions involving a number of accounts and ownership records of the number of accounts;
receiving an indication of the identity of a particular entity for investigation;
identifying, from the account ownership records, one or more accounts associated with the particular entity;
analyzing transaction records of the accounts associated with the particular entity according to one or more transaction rules to determine that suspicious activity has been detected with respect to one or more particular accounts;
querying for negative contributed information relating to the identified entity;
querying for public event information relating to the identified entity; and
producing a report naming the identified entity, the report including at least the fact of the detection of suspicious activity in the one or more particular accounts.
1 Assignment
0 Petitions
Accused Products
Abstract
Transaction data is analyzed according to one or more transaction rules to identify accounts that are suspected of being used for activity such as money laundering. The methods may be performed on an inquiry basis for ad hoc investigation of transaction activity relating to one or more particular account owners or other entities, or may be performed on an ongoing basis for monitoring transaction activity of one or more account owners or other entities for suspicious activity.
5 Citations
24 Claims
-
1. A method for identifying suspicious account activity, the method, comprising:
-
maintaining one or more computerized databases holding records of financial transactions and other information, including information about financial transactions involving a number of accounts and ownership records of the number of accounts; receiving an indication of the identity of a particular entity for investigation; identifying, from the account ownership records, one or more accounts associated with the particular entity; analyzing transaction records of the accounts associated with the particular entity according to one or more transaction rules to determine that suspicious activity has been detected with respect to one or more particular accounts; querying for negative contributed information relating to the identified entity; querying for public event information relating to the identified entity; and producing a report naming the identified entity, the report including at least the fact of the detection of suspicious activity in the one or more particular accounts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
13. A method, comprising:
-
maintaining one or more computerized databases holding records of check-based financial transactions and other information; identifying 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, identifying the owner of the account into which the check was deposited; for each of a number of identified account owners, counting the number of the identified checks deposited into one or more accounts owned by the respective identified owner; and producing a report of the respective number of identified checks deposited into one or more accounts owned by the respective identified owners. - View Dependent Claims (14, 15, 16, 17, 18)
-
-
19. A method, comprising:
-
maintaining one or more computerized databases holding records of a number of deposits into a number of accounts at a number of financial institutions, the records indicating for each of the number of deposits at least the number of an account from which funds were drawn to make the deposit, the number of an account into which the deposit was made, the amount of the deposit, and the date of the deposit; identifying, from the records, accounts that received deposits of funds drawn from accounts associated with one or more money service businesses within a predetermined time period; and for each identified account; evaluating whether the deposits received into the account drawn from accounts associated with one or more money service businesses were in even dollar amounts; evaluating the number of deposits in even dollar amounts received into the account within the predetermined time period; and categorizing the account as a suspected funnel account or not a suspected funnel account based at least in part on the evaluations; wherein at least some of the identified accounts are categorized as suspected funnel accounts, and for at least each account categorized as a suspected funnel account, reporting the result of the categorization. - View Dependent Claims (20, 21, 22, 23, 24)
-
Specification