6.5.2 Activity Classification

This section allows you to specify the type of suspicious activity, such as Fraud, Terrorist Financing, Insurance, Casinos, and so on.

  1. Click Activity Classification from the LHS menu. The Activity Classification pane is displayed with the following classification categories:
    • Structuring
    • Terrorist Financing
    • Fraud(Type)
    • Gaming Activities
    • Money Laundering
    • Identification/Documentation
    • Other Suspicious Activities
    • Insurance
    • Securities/Futures/Options
    • Mortgage Fraud
    • Cyber Events
    • Were any of the following product type(s) involved in the suspicious activity?
    • Were any of the following instrument type(s)/payment mechanism(s) involved in the suspicious activity?
  2. Within each category, there are related options to select specific behavior that indicates why it was felt to the suspicious activity. Review these options within each category and select one or more that best describe the activity being reported.
  3. Each of these classifications in the Activity Classification LHS menu contains subtypes. You can check all the options applicable to the suspicious activity.
  4. If you do not find the relevant option in the required section, then select Other from the activity classification list and enter the description of the activity classification.
  5. Click Save. All the details in the Activity Classification pane are saved.
  6. Click the Validate button in the Activity Classification section to validate the information present in the Activity Classification section and check for any missing mandatory information.
    Validations:
    • If you click the Validate button and you have marked Other in any of the fields in the Activity Classification section without entering any description, then the application displays the following messages accordingly:
      • If you have marked Other in Instrument Type/Payment Mechanism Involved and have If no description is provided, then the application displays the following message: If Instru- ment Type/Payment Mechanism Involved contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Product type and have not provided any description, then the application displays the following message: If the product type involved contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Mortgage fraud and have not provided any description, then the application displays the following message: If mortgage fraud contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Securities/futures/options and have not provided any description, then the application displays the following message: If securities/futures/options contain Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Insurance and have not provided any description, then the application displays the following message: If insurance contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Identification documentation and have not provided any description, then the application displays the following message: If identification documentation contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Money laundering and have not provided any description, then the application displays the following message: If money laundering contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Gaming Activity and have not provided any description, then the application displays the following message: If casinos contain Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in fraud and have not provided any description, then the application displays the following message: If fraud contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Terrorist and have not provided any description, then the application displays the following message: If terrorist financing contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Structuring and have not provided any description, then the application displays the following message: If structuring contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Other Suspicious activity and have not provided any description, then the application displays the following message: If another suspicious activity contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have marked Other in Cyber Events activity and have not provided any description, then the application displays the following message: If another suspicious activity contains Other, a brief description of the activity is mandatory in suspicious activity classification.
      • If you have not marked any of the activity classifications, then the application displays the following message: At least one activity classification should be present.
    • If you click the Validate button and the information in the Activity Classification section is not correct, then the application displays the following message: Please validate the Section Activity Classification.