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.
Transaction Pattern Analysis Model(Profiling)
Scenario & Rule Model
<Data Mart >
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.
Allocation of Alert to Analyst
Writing a Report or No Report
Report to KoFIU / Unreported Case Management