Frequent Typologies
Customer Typologies
Account Typologies
Unknown Entity
Potpourri
100

Areas or countries that have been deemed due to potential money laundering, drug activity, known high volume criminal activity, and/or potential for terrorist activity. 

What is High Risk Jurisdiction?
100

When the customer requests foreign currency or frequently exchanges small dollar denominations for larger bills or large dollar denomination for smaller bills.

What is Cash Conversion / Cash Refining?

100

Transactions with high volume, high frequency, within a short period of time (such as same day, consecutive days, and/or near consecutive days) to or from the same counterparties followed by a period of dormancy.

What is Activity Burst?
100

When the underlying originator / ultimate beneficiary of funds cannot be ascertained and is unverifiable.

What is Lack of Transparency?
100
Entities engaged in an industry relative to money laundering.
What is High Risk Business?
200
When the main entity and/or counterparty of a case cannot be conclusively identified through available sources and the public domain.
What is Unidentified Entities?
200

When an entity's volume of transactions, remittances and/or source of funds are not consistent with the customer's line of business stated previously within internal bank records. 

What is Customer Profile Inconsistencies?
200

Illegal act of splitting cash deposits or withdrawals into smaller amounts, or purchasing monetary instruments, to stay under a currency reporting threshold.

What is Potential Structuring (Smurfing)?

200
Company that is incorporated that, at the time, has no significant assets or operations, usually set up in an offshore jurisdiction, which allows these vehicles to be used for non-legitimate purposes.
What is Possible Shell Company?
200
When an entity maintains a bank account outside of its country of domicile.
What is Inconsistent Address?
300
Even dollar amounts, either on the same day, to or from the same party, or minimal activity during the rest of the period.
What is Round Dollar Amounts?
300

This typology is used when a customer transfers or receives funds from foreign businesses or banks.

What is Offshore Activity?

300

Instances when the customer withdrawals funds from their account and the use of the funds cannot be ascertained.

What is Unknown Use of Funds?

300
Entities such as hawala's or other financial institutions who are not licensed to operate in that type of industry.
What is Unregistered MSB?
300

Applies to persons who generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence that they may hold.

What is Politically Exposed Persons?
400
Can be utilized as a generic typology that encompasses activity that appears unusual but cannot be mapped to one of the other typologies.
What is Flow of Funds?
400
When customer is utilizing personal account for business purposes.

What is Comingling of Funds?

400

Instances when the customer deposits funds into their account and the source of the funds cannot be ascertained.

What is Unknown Source of Funds?

400
Instances when information in the BBI remittance references state that the funds are B/O of FFC to other individuals/entities.
What is Third Party Remittances?
400

Depending on the country, OFAC programs may freeze assets of embargoed countries, prohibit payment of funds to individuals and countries on the embargo list, or prohibit provision of services.

What is Sanctioned Countries?

500
Negative news identified by Accuity, WorldCheck, public domain, or other available sources that is relative to your transactions.
What is Adverse Public Information?
500

 A series of transactions between companies in which the amount of outward transactions and inward transactions roughly approximates one another, and does not provide real economic benefit to either company.

What is Circular Transactions / Round Tripping?

500
Any transactions which have been returned by the funds transfer team because of some underlying circumstance, such as OFAC Sanctions.
What is Rejected Payments?
500
Multiple transactions below $3,000 or $10,000 Frequent transactions carried out by a business customer in apparent efforts to provide sustenance to individuals (FEE FOR LIVING, GOODS FOR PERSONAL USE)
What is Advisory Human Smuggling and/or Human Trafficking
500

The process of disguising the proceeds of crime and moving value through the use of trade transactions in an attempt to legitimate their illicit origin.

What is Trade Based Money Laundering?

M
e
n
u