Data Access Analysis Types

Like automated system monitoring manual data analysis is performed on multiple levels. Including:

• Report Analysis - based on originally submitted report details or information added to the report characteristics on individual reports (e.g. a specific Suspicious Matter Report),

• Party Analysis (often referred to as micro analysis) - which includes analysis into a specific:

  • Identifying token (e.g. a name, address, account or id),
  • Reported Party,
  • Consolidated Party,
  • Networks of parties.

• Profile Analysis - which involves identifying parties that match specific characteristics.

• Macro Analysis - analysis into broader data characteristics, such as fund flows between countries, reporting patterns, overall trend in transaction volumes/amounts over time or in response to specific events. A sample macro analysis on Australian International Fund Transfer Instructions (IFTIs) can be found here.

Party analysis is generally a reactive analysis excercise, i.e. the starting point for analysis is a known token, party or network (e.g. searches for all reports associated with a specific address). The other types of analysis maybe reactive or proactive and may identify previously unknown parties for futher analysis.

Once a analysis excercise has been completed the output may or may not lead to internal action or a dissemination to a partner. However the output of Financial Intelligence analysis is always captured back into the solution for the benefit of future analysis. Over time the output of recent analysis activities are reviewed to determine if tweaks are required to existing automated monitoring triggers or prioritisation.