How do you find the transaction is suspicious. If there is only one transaction

Question

Accepted Answer

Suspicious transactions can be identified through various factors such as unusual amount, frequency, location, or behavior.

Look for transactions that are significantly larger or smaller than usual for the customer
Check for transactions that are out of the ordinary in terms of frequency or timing
Consider transactions from high-risk locations or countries
Review transactions that deviate from the customer's typical spending patterns or behavior
Take into account any alerts or red flags raised by the monitoring system

Accepted Answer

I review the transaction by getting more information on the transaction, the transaction amount,  i get more info on the profile of the customer, his nature of business and source of funds. if there is un usual pattern on his transaction that varies from his usual pattern. I file for  suspicious transaction report

Accepted Answer

I review the transaction by getting information of the profile of the customer to know the risk classification, nature of business and souce of wealth, i also review the account history of the customer to check for irregular pattern, unjustifiable volume of funds into the acount

Accepted Answer

I review the transaction by getting information of the profile of the customer to know the risk classification, nature of business and souce of wealth, i also review the account history of the customer to check for irregular pattern, unjustifiable volume of funds into the acount

How do you find the transaction is suspicious. If there is only one transaction

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