Suspicious Activity Articles

Transaction Monitoring for High-Risk Payments That Protects Cashflow

A client asks you to send an overpayment to a new bank account before the original payment clears. Your first job is to verify the payment and destination, preserve the request, and contact the provider through a known channel. A freelancer receiving payment for their own work needs these controls; that alone does not make them a regulated payment institution with an AML reporting program.