TMS
Transaction Monitoring System (TMS)
is to extract suspicious or abnormal financial transactions. A rule model must be established. In addition, a scoring model that quantifies the degree of suspicion of a transaction, must be set through the analysis of transaction patterns including customer behavior (such as STR reported customer's) and transaction history (such as cash transaction rate) . Those models are employed to continuously monitor customers' transactions.
TMS Model Development
-
Transaction Pattern Analysis Model(Profiling)
- Composition of the KYC DB in Collaboration with KYC Consulting
- Use the KYC DB to Derive the Rule of Abnormal Transaction Pattern
-
Scenario & Rule Model
- Global Rule Customizing
- Local Rule Customizing - AML, Crime with Predicate Offences
- Development of New Rules
-
Scoring Model
- Develop a Model to Measure Suspicious Transactions Risk Through Analysis of Past Transaction Patterns
-
<Data Mart >
Investigation - Solution(TMS) Part
-
Alert/Monitoring Analysis
- Propose Analytical Methods to Enable Alert Analysis
- Distribution Information, Data Request, Detail Analysis
- Rule Inquiry/Statistics Information
- Propose Analytical Methods for Monitoring
-
Case MGMT/Reporting
- Linkage Analysis/Multidimensional Analysis
- Case Registration/ Status Management
- Statistical Analysis/ Status Analysis
- Statistical Analysis for other areas of interest
Analysis and Reporting
It is mandatory to allocate the analyst for an alerted transaction , proceed its detailed analysis, determine whether to report the transaction, and then make a report to the KoFIU.
-
01.
Allocation of Alert to Analyst
-
02.
Alert Analysis
-
03.
Writing a Report or No Report
-
04.
Report to KoFIU / Unreported Case Management
- ① Extract the suspicious transactions through the rule and monitoring system and send them to the manager for further investigation
- ② The manager puts additional subjects and make a request to review to a right personnel if necessary.
- ③ The managers from branches coolect AML relevent materials (such as Monitoring on work schedules).
- ④ The Manager in charge collects materials from branches and makes q request for approval.
- ⑤ After the approval, the manager send the data to the headquarter
- ⑥ The AML team at the HQ work on monitoring and STR reporting.