5.6.1.7 Trusted Pairs

Designating Trusted Pairs reduces the number of false positive events by identifying transactions between parties which are viewed as having a trusted relationship. After analyzing events, you can determine two parties are trusted when the activity between the two parties is an acceptable business practice and poses lower risk to the institution.

These transactions can be optionally excluded from detection for many Money Laundering (ML) class scenarios through the use of a threshold parameter. If the relationship between a pair of parties is marked Trusted for a designated period of time and is excluded from the process of behavior detection, the alert will not be created and the workload of an analyst can be greatly reduced.

When investigating a case, ECM users can define a trust for two parties on a transaction and then define the direction of the transaction and the duration of the trust. Upon submission it is sent to an administrator for review and approval.

Administrators review the trusted pairs periodically to approve, reject or extend the trusts. Once a trust is approved, the pair is transmitted to the Behavior Detection application and future alerts for that pair are not created.