Typologies as an Indicator of Suspicious Activity: Meeting the Form, Lacking the Substance

Anti-Money Laundering (AML) typologies are common methods, techniques, or patterns used by criminals to launder illicit funds. These typologies help financial institutions identify behaviors or activities that may signal suspicious conduct. They guide institutions in shaping monitoring systems and help staff assess whether transactional patterns warrant further investigation or reporting. Do you rely on the form or substance in concluding on suspicious activity reporting? 

Typologies as an Indicator of Suspicious Activity – Meeting the Form^J Lacking the Substance