Risk Transactions

The platform enables you to define and detect transactions that pose a risk.

Overview

You can choose from four transaction characteristics: Country, Currency, Amount, Duplicate.

These characteristics correspond to Risk Types that you can adapt to your ecosystem and activity to spot the suspicious transactions.

Creation

To create the type of risk transaction, click the Risk Transaction entry of the Anti-fraud menu.

A screenshot depicting the function addressed in the current paragraph.

Click the New Definition button in the upper right of your screen.

A screenshot depicting the function addressed in the current paragraph.

In the creation form, choose the risk type to set up, the definition options depend on this choice.

This risk is related to the country of the credit account.

  1. Select Yes if the situation where a payee does not live in the same country as their bank, constitutes a risk of fraud.

  2. Then select the Definition Type for the list: Authorized or Banned.

  3. Populate the list by adding countries using the dedicated button (Plus sign). The new window enables you to select a series of criteria among which the Country.

    If you select only the country, it is banned or authorized regardless of the other criteria.

    If you select more criteria than only the Country, the banning or authorization depends on these criteria.

    Add as many countries as you want.

  4. Click the Create button to save the criteria.

  5. And click Save to validate your list and the risk.

  1. To use this type of risk, select the Definition Type for the list: Authorized or Banned.

  2. Populate the list by adding currencies using the dedicated button (Plus sign). The new window enables you to select a series of criteria among which the Currency.

    If you select only the currency, it is banned or authorized regardless of the other criteria.

    If you select more criteria than only the Currency, the banning or authorization depends on these criteria.

    Add as many currencies as you want.

  3. Click the Create button to save the criteria.

  4. And click Save to validate your list and the risk.

This type of risk enables you to detect the transactions that have identical data with other transactions.

  1. These data can be the amount, the execution date, the debit account, the payee and the credit account. Select the options.

  2. You then need to define which transactions the data must be compared with, i.e. the Search Scope: the remittance, file and the history for the available transactions.

    You can also declare a tolerance threshold for duplicates: specify the number of duplicates accepted over a given period.

  3. And click Save to validate your choices for this risk.

  1. To use the Amount risk type, define the situation of suspicious amount by clicking the addition button (Plus sign). The new window enables you to select a series of criteria.

  2. Select the comparison operator (<, ≤, >, ≥) and specify the amount and the currency.

    You can select other criteria for this risk.

  3. Click the Create button to save the criteria.

  4. And click Save to validate your list and the risk.

Once you set up a control for risk transactions, you can find it in the list of control points of the creation/modification form for procedures.