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RedFlagRulez™ RuleMap™ for Suspicious Bank Transactions i.e. Suspicious Money Transfers

Here is an example of red flags rules for suspicious bank transactions, namely suspicious money transfers. These types of transactions led to the resignation of N.Y. Governor Eliot Spitzer in 2009. The figure below is a RedFlagRulez™ RuleMap™. Below that is a description of the business rule logic.

Rule Logic

	Submit Suspicious Activity Report
rule 1	IF Suspicious Activity is detected AND Transaction Amount is for $2,000 or more.
	Suspicious Activity is detected
rule 2	IF The reporting business knows of no reasonable explanation for the transaction after examining all available facts AND The Transaction serves no *business (purpose)* or apparent lawful purpose.
rule 3	IF Transaction is intended or conducted in order to hide or disguise funds or assets derived from *illegal activity*.
rule 4	IF Transaction Involves use of the MSB to facilitate criminal activity.
rule 5	IF Transaction involves funds derived from *illegal activity*.
rule 6	IF Transaction is designed to evade the requirements of the Bank Secrecy Act through *structuring* or other means.