Automated Suspicious Activity Report Filing System
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Solution Overview
Problem
The current process of filing Suspicious Activity Reports (SARs) is cumbersome and delays investigations due to the complexity of determining requirements, formatting, and obtaining additional information across multiple jurisdictions, often requiring judicial subpoenas and involving subjective interpretations by investigators.
Innovation Solution
A computer-implemented method and system that facilitates the filing of SARs by receiving digital access tokens, processing case information, validating data, and generating secure URLs for investigative agencies, while providing a secure browser for DarkWeb research, thereby streamlining the reporting process and enhancing information sharing.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If SARs are filed manually with full information gathering through judicial subpoenas, then completeness of information is improved, but investigation time and process complexity worsen
Solution Approach 1:
The patent applies preliminary action by requiring financial institutions to provide complete transaction information and supporting documentation at the time of SAR filing, rather than waiting for later subpoenas. The system validates that all required information elements are present before accepting the SAR, ensuring information completeness is achieved in advance, which eliminates time-consuming follow-up information gathering during investigations.
2Adaptability or versatility
If SAR requirements vary by jurisdiction, then adaptability to local regulations is improved, but filing complexity and operational burden worsen
Solution Approach 1:
The patent implements universality by creating a standardized SAR data model with comprehensive information elements that can satisfy multiple jurisdictional requirements simultaneously. The system validates SARs against configurable jurisdiction-specific rules while maintaining a universal data structure, allowing a single SAR filing to meet diverse regulatory requirements across different jurisdictions without requiring separate filing processes for each jurisdiction.
Solution Approach 2:
The patent applies parameter changes by making the validation rules and information requirements configurable based on jurisdiction. The system allows administrative settings to define which information elements are required for different jurisdictions, enabling dynamic adjustment of validation parameters without changing the underlying SAR structure or filing process, thus adapting to varying regulatory requirements while maintaining operational simplicity.
3Ease of operation
If subjective interpretation is allowed in SAR determination, then flexibility in case-by-case assessment is improved, but consistency and reliability of reporting worsen
Solution Approach 1:
The patent implements feedback by providing automated validation that compares SAR information against established criteria and jurisdictional requirements. The system gives immediate feedback to investigators about whether the provided information satisfies the necessary elements for filing, reducing reliance on subjective interpretation while maintaining flexibility. The feedback mechanism ensures consistent application of reporting standards across different cases and investigators.
Data Source
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AI summary
Systems, methods, and storage media for providing information relating to suspicious financial activities to investigative agencies are disclosed. Exemplary implementations may: receive a digital access token from a financial institution; cause an application programming interface to be displayed on a computing device corresponding to the financial institution in response to receipt of the digital access token; receive case information from the financial institution create a case corresponding to the access token and the case information; determine one or more relevant investigative agencies for receiving a report based on the case information; retrieve a data model corresponding to each relevant investigative agency; and file a Suspicious Activity Report based on the case information in each of the one or more relevant jurisdictions in correspondence with the access token.