Risk Indicators
This risk indicator detects transactions conducted just below a reporting threshold.
Structuring
This Chicago-based gangster is often credited with popularizing the term "money laundering" because of his innovative money laundering schemes.
Al Capone
The 3 stages of money laundering are: Placement, ________, and integration
Layering
System used by investigators to view, edit, and submit cases
Actimize
AML
Anti-Money Laundering
This risk indicator examines recurring, concentrated relationships between two parties
CORBE (concentration of activity between an originator/beneficiary)
As a young man, he cashed $2.5 million worth of bad checks while impersonating a Pan Am pilot, a doctor, a teacher, and an attorney. A movie was made about his life in the early 2000s starring Leonardo Dicaprio.
Frank Abagnale
A type of entity with no verifiable business operations. Set up to exist only in name.
Shell Company
System used to screen entities or individuals for potential negative information
NLS
AFC
This risk indicator looks at the percentage of activity occurring in a high risk region.
HRG Percentage
Don't let this man "make off" with your money.
Bernie Madoff
As part of the US Department of the Treasury, this entity administers and enforces economic and trade sanctions based on US foreign policy and national security goals
OFAC (Office of Foreign Assets Control)
System that identifies and displays production figures, SLAs, and QC averages.
Tableau
UBO
Ultimate Beneficial Owner
This risk indicator looks at an entity using a foreign bank that is different from their own.
EEFB (external entities using a foreign bank)
The release of the __________ revealed the widespread use of off-shore shell companies to launder money and evade taxes. In April 2016, 11.5 million confidential documents from a law firm exposed a sprawling network of offshore companies used by the world’s elite.
Panama Papers
This type of individual may hold a position of office or association to other high ranking members of government, making them higher risk.
PEP (politically exposed person)
System used to view check images and lockbox accounts
OnDemand
FinCEN
Financial Crimes Enforcement Network
This indicator examines a large volume of transactions received by an individual or entity over a short period of time.
BurstBe ("Burst in Beneficiary Activity")
This energy company was involved in dubious accounting practices, resulting in their 2001 bankruptcy
Enron
An informal value transfer system common in the Middle East, North Africa, and the Indian sub-continent. Exists outside of the traditional banking system
Hawala
System used to identify concentration and other omnibus accounts
FATF
Financial Action Task Force