Transaction range comparison for financial investigation
US8229815B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 1, 2007 |
| Grant date | Jul 24, 2012 |
| Priority date | — |
| Expiry date | May 20, 2028 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/12
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for determining the likelihood that a group of transactions may be structured to avoid a limit or reporting requirement, such as a government reporting requirement, are disclosed. The frequency distributions of a customer's transactions for different value ranges are compared to determine whether transactions within a target range occur randomly or at an unexpected level. In another embodiment, the frequency distribution of a customer's transactions is compared to a frequency distribution created by randomly sampling a distribution of similar transactions to determine whether the customer's transactions occur randomly.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.