What are the red flags could be there while identifying transaction pattern of the user. What transactions could be summed as suspicious transactions and what transactions can be reported?

Question

Accepted Answer

Red flags in identifying suspicious transaction patterns and reporting them

Unusual transaction amounts or frequency
Transactions with high-risk countries or individuals
Transactions involving illegal activities
Transactions that deviate from the user's normal behavior
Transactions that involve multiple parties or intermediaries
Transactions that are inconsistent with the user's profile or business
Transactions that involve unusual payment methods or channels
Transactions that lack a clear business purpose or justification

What are the red flags could be there while identifying transaction pattern of the user. What transactions could be summed as suspicious transactions and what transactions can be reported?

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