1. Oracle Financial Services OFS CRR CS AUS SMR User Guide
  2. About AUSMR
  3. RR AUS SMRApplication

2.1 RR AUS SMRApplication

The Oracle Financial Services Compliance Regulatory Reporting Cloud Service (OFS CRR CS) Australian Suspicious Report (AUS SMR) application is used to create, investigate, and take appropriate action on the report for a resolution.

Reports are generated in the OFS CRR CS AUS SMR application as a result of the Generate STR action taken on a case or cases in the OFS Case Investigation Cloud Service. The business data (transaction, account, and entity details) and operational data (narratives, documents, and comments) related to the case which led to the creation of a report are available in the OFS CRR CS AUS SMR application. Using this information, authorized users investigate reports and report them to the AUSTRAC or close them by providing appropriate details.

Figure 2-1 Report Workflow


Description of Figure 2-1 follows
Description of "Figure 2-1 Report Workflow"

  • Generatean OFS CRR RR Report:After investigating a suspicious case, if it is required to report to the regulator,you can take action as CloseSAR Required in the OFS Case Investigation Cloud Service.
  • Createa Report:A report is created in OFS Case Investigation Cloud Service and the related information is passed to the OFS CRR CS AUS SMR application using web service. The newly created report is available in the OFSCRR CS AUS SMR application and it is assigned to a specific user with a due date to take appropriate action. These parameters are configurable. When you identify a report of suspicious behavior that is not reported through the OFS Case Investigation Cloud Service but want to report it to the regulator, you can manually create a new report using the Create New Report option in the OFS CRR CS AUS SMR application.
  • Search and Open a Report: To investigate the existing reports, you must open reports using basic, advanced, or views search criteria.
  • Investigate a Report: To take any kind of action on a selected report, you must thoroughly analyze the details. You must verify the details of the report such as involved accounts, transactions, reporting entity details, related documents, narratives, and audit history. .
  • Act on a Report: Post analysis, you must take action on the selected report to close or report it to the regulator based on your privileges.