An Unusual Activity Report (UAR) is filed with a bank when suspicious or unusual activity is detected. The following parameters qualify for filing a UAR:
- Money Laundering
- Terrorist Financing
- Fraud (Depository Fraud, Card Fraud, Loan Fraud, Wire Fraud, Elder Fraud/Exploitation)
- Computer Compromises (Phishing)
- Computer Intrusion (Hacking, Malware, Viruses)
- Social Engineering & Identification/Documentation, which leads to financial loss
If the program detects suspicious activity and believes a UAR should be filed with the bank, they should submit a ticket with details on who, where, when, how, and why they believe one should be filed. Solid will review the ticket, and if it qualifies, submit a UAR to our partner bank for further investigation.