Client compliance system
A computerized system is established through a network to help business organizations conduct and manage their businesses with anti-financial crimes provisions according to the government regulations and laws, e.g., the Bank Secrecy and the USA PATRIOT Act, and to enable financial institutions to monitor and manage these business organizations with confidence in compliance with the regulatory requirements and applicable laws.
1 . A computer readable medium tangibly storing a computer program enabling an entity to comply with regulatory requirements and applicable laws, the medium comprising:
code to receive, from the entity, transactional information of a customer of the entity;
code to detect suspicious activity based on the received transactional information;
code to facilitate the entity to report detected suspicious activity when the entity decides to report the detected suspicious activity;
code to prompt the entity to input a reason for not reporting the detected suspicious activity when the entity decides not to report the detected suspicious activity; and
code to store the input reason.
2 . The computer readable medium of claim 1 , in which the detected suspicious activity comprises a suspicious activity listed on the Suspicious Activity Report based on the Bank Secrecy Act.
3 . A computer readable medium tangibly storing a computer program enabling an entity to comply with regulatory requirements and applicable laws, the medium comprising:
code to receive, from the entity, identification information of a customer of the entity;
code to detect a match between the received identification information and identification information of an object on a regulatory list;
code to prompt the entity to report the detected match when the entity decides to report the detected match;
code to prompt the entity to input a reason for not reporting the detected match when the entity decides not to report the detected match; and
code to store the input reason.
4 . The computer readable medium of claim 3 , in which the regulatory list comprises a list published by a government organization.