Improper financial activity detection tool

US9947044B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Kolt Bell · Charlotte, US
• David Wayne Barnhardt · Huntersville, US
• Amijo Bearley · Barnsley, US
• Robert J. Dominguez · High Point, US
• David Kerman · West Hollywood, US
• Daniel Van Vliet · Jacksonville, US

Key dates

• Filing date: Jan 6, 2014
• Grant date: Apr 17, 2018
• Expiry date: Jan 22, 2035

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An illustrative method for identifying information associated with a ring of individuals performing improper financial activities may include combining a list of user identifiers with one or more attributes tables corresponding to the financial transactions. A computer device may analyze a first list of identifiers in relation to an attribute table, where the identifiers may be associated with one or more suspected improper financial activities and the attribute table may include attributes of one or more financial transactions performed over a specified duration. The computer device may then link the first list of identifiers with one or more attributes included in the attribute table to determine a second list of identifiers and the process may be repeated until a stopping condition has been reached. After the stopping condition has been met, the computer device may communicate a report to a user.