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

Monitoring Suspicious Cash Transactions

Accounts with large cash deposits, or with a large number of smaller transactions exceeding the threshold,
Many small cash transactions

Cash transactions over $10000 should be reported even when they are made in many small deposits
  Steps Outcome Duration
Given Joe is an existing customer with a standard business account
SUCCESS 0s
When Joe makes the following transactions:
Transaction IDDateTypeAmount
10101-05-2018Cash Deposit1000
10203-05-2018Cash Deposit2000
10307-05-2018Cash Deposit4000
10412-05-2018Cash Deposit4000
SUCCESS 0s
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
SUCCESS 0s
And an account review request should be submitted
SUCCESS 0s
SUCCESS 0s
Serenity BDD version 2.0.7