Channel
Person-to-person payments: the money-laundering typologies a scenario should reach
11 of the 50 typologies in the dictionary apply to person-to-person payments. On the coverage chart this is the column P2P; 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". Offered by default for: community bank, credit union, money transmitter or payments company and fintech or digital bank.
Typologies that apply
11| Typology | Group |
|---|---|
| Rapid movement of funds | Rapid movement and pass-through |
| Money mules | Funnel, mule and third-party deposits |
| Many-to-one and one-to-many | Funnel, mule and third-party deposits |
| New accounts with outsized activity | Profile change and dormant reactivation |
| Velocity | Round amounts and velocity |
| Sanctions name screening | Sanctions screening and interdiction |
| Exploitation of older customers | Fraud-adjacent laundering |
| Account takeover | Fraud-adjacent laundering |
| Scam payments by the customer | Fraud-adjacent laundering |
| Human trafficking red flags | Trafficking and other priority red flags |
| Terrorist financing indicators | Trafficking and other priority red flags |