Channel
Correspondent accounts: the money-laundering typologies a scenario should reach
8 of the 50 typologies in the dictionary apply to correspondent accounts. On the coverage chart this is the column COR; each typology below is one sector in it.
This channel settles in real time or the same day, so sanctions screening reaches it only if it runs before the payment is released; a daily or later screen on it is flagged "screened in batch".
Reference lines on this channel
held figures- BSA BSA-REC-1 names $3,000 for funds-transfer records.
Typologies that apply
8| Typology | Group |
|---|---|
| High-risk jurisdictions | High-risk geography and cross-border |
| Correspondent and nested activity | PEPs, private banking and correspondents |
| Sanctions name screening | Sanctions screening and interdiction |
| Sanctioned ownership and control | Sanctions screening and interdiction |
| Comprehensively sanctioned geographies | Sanctions screening and interdiction |
| Sectoral sanctions | Sanctions screening and interdiction |
| Missing originator or beneficiary information | Wire transparency |
| Proliferation financing | Trafficking and other priority red flags |