Customer Due Diligence and Regulatory Reporting
Home > Requirements > Ongoing Monitoring > Monitoring Suspicious Cash Transactions
Report generated 14-10-2018 21:36

Feature: Monitoring Suspicious Cash Transactions
Accounts with large cash deposits, or with a large number of smaller transactions exceeding the threshold,
should be flagged for review.

Big cash transactions need to be spotted and reported, e.g.

Given Joe is an existing customer with a standard business account
When Joe makes the following transactions:

Transaction IDDateTypeAmount
10101-05-2018Cash Deposit1000
10203-05-2018Cash Deposit12000
10305-05-2018Cash Deposit200

Then the reported transactions should be as follows

Transaction IDDateTypeAmountAML FlaggedReason
10203-05-2018Cash Deposit12000YesCash deposit exceeded threshold

And an account review request should be submitted
More details

Scenarios

Scenario details

Large cash transactions
Cash transactions over $10000 should be reported

Given Joe is an existing customer with a standard business account

When Joe makes the following transactions:

Transaction IDDateTypeAmount
10101-05-2018Cash Deposit1000
10203-05-2018Cash Deposit12000
10305-05-2018Cash Deposit200

Then the reported transactions should be as follows

Transaction IDDateTypeAmountAML FlaggedReason
10203-05-2018Cash Deposit12000YesCash deposit exceeded threshold

And an account review request should be submitted

Many small cash transactions
Cash transactions over $10000 should be reported even when they are made in many small deposits

Given Joe is an existing customer with a standard business account

When Joe makes the following transactions:

Transaction IDDateTypeAmount
10101-05-2018Cash Deposit1000
10203-05-2018Cash Deposit2000
10307-05-2018Cash Deposit4000
10412-05-2018Cash Deposit4000

Then the reported transactions should be as follows

Transaction IDDateTypeAmountAML FlaggedReason
10101-05-2018Cash Deposit1000YesTotal Cash deposits in a 1 month period exceeded threshold
10203-05-2018Cash Deposit2000YesTotal Cash deposits in a 1 month period exceeded threshold
10307-05-2018Cash Deposit4000YesTotal Cash deposits in a 1 month period exceeded threshold
10412-05-2018Cash Deposit4000YesTotal Cash deposits in a 1 month period exceeded threshold

And an account review request should be submitted

Many small cash transactions that are in the customer's normal usage patterns
Cash transactions over $10000 should not be reported if they are in the customer's normal business

Given Joe is an existing customer with a standard business account

And Joe's average monthly cash deposits are $15000

When Joe makes the following transactions:

Transaction IDDateTypeAmount
10101-05-2018Cash Deposit1000
10203-05-2018Cash Deposit2000
10307-05-2018Cash Deposit4000
10412-05-2018Cash Deposit4000

Then no transactions should be reported

Scenario Results (including rows of test data) Automated
 Passing 3 100%
 Pending 0
 Ignored 0
 Skipped 0
 Unsuccessful
 Failed 0
 Broken 0
 Compromised 0
Total 3

Automated Tests

Scenario Steps Start Time Duration Result
Large cash transactions 4 21:36:09 00:00 SUCCESS
Many small cash transactions 4 21:36:09 00:00 SUCCESS
Many small cash transactions that are in the customer's normal usage patterns 4 21:36:09 00:00 SUCCESS

Manual Tests

No manual tests were recorded

Evidence

Scenario Title Details
Large cash transactions Reported Transactions  Details
Many small cash transactions Reported Transactions  Details
Many small cash transactions that are in the customer's normal usage patterns Cash Deposit records  Download Evidence
Serenity BDD version 2.0.7