How to deal with personal accounts involved in gambling and fraud

in recent two years, the central bank has repeatedly issued documents to strictly control illegal and criminal activities involving gambling and fraud, demanding to strengthen financial supervision related to cracking down on cross-border gambling and telecom fraud, focusing on the investigation of suspicious funds involved in gambling and fraud and the monitoring of gambling accounts. With the strengthening of supervision and crackdown by the regulatory authorities and public security departments, the investigation of accounts/merchants involved in gambling and fraud will become one of the key tasks of financial institutions.

it is the basic work to effectively prevent and control the risks related to gambling and fraud. As the main body of responsibility, banks should not only effectively control account risks, but also ensure customers' normal account opening needs, so as to achieve a balance between strengthening account risk control and optimizing account services.

how to prevent new risk banks from gambling and fraud?

In the practice of serving customers, anti-fraud experts of Bangsheng Technology believe that financial institutions need to continuously optimize the transaction risk monitoring model according to the characteristics of cross-border online gambling and other new crimes involving fraud networks, dynamically improve the risk prevention and control mechanism, and carry out risk prevention and control on risky accounts/merchants in the whole life cycle from the aspects of account/merchant access, transaction and disposal, so as to effectively identify illegal transactions such as cross-border online gambling disguised as legal transactions.

account opening and merchant access audit

effective pre-management of account opening is an important prerequisite for complete chain control and service during and after the event. Prevent false account opening and merchants accessing the network. When the account/merchant accessing the network is audited, carefully verify the qualification of the merchant/account and make clear the intention of opening an account. In account opening, such as the user's young age, false contact telephone number, the city of network access is inconsistent with the user's ID card and mobile phone number, etc. as high-risk indicators; In the network access of merchants, if the real business situation of merchants does not match the business scope, business scale, location, legal person information and other information. It is strictly forbidden for high-risk merchants to enter the network, effectively identify abnormal customer behavior, and strictly prevent and control incremental risks.

transaction risk monitoring

In the account and merchant transaction stage, we should pay attention to new methods and methods of gambling and other crimes, summarize the risk characteristics, and identify suspicious transactions through the dimensions of customer's trading habits, transaction amount, transaction time and transaction frequency. For example, the category, scale and frequency of fund transactions are obviously inconsistent with the customer's personal occupation, income or enterprise asset strength and main business scope, so we should give an early warning in time. Effectively use anti-fraud rules and models to make decisions, and carry out differentiated prevention and control strategies for risky transactions involving gambling and fraud, such as suspending off-counter business and limiting account authority, continuously optimize the transaction risk monitoring model and dynamically improve the risk prevention and control mechanism.

Research on the expansion of suspicious accounts

To prevent the gang from colluding together, gambling and fraud-related cases are usually characterized by large funds and intensive transactions, and dozens to hundreds of accounts are usually used for transactions, and there will be some correlation between accounts/merchants. By visualizing the relationship network map, the related information of accounts with the same name, telephone numbers, IP and MAC addresses of online banking operations, counterparties, etc., a multi-dimensional and multi-level relationship network view is constructed, and the account/merchant relationship is expanded and judged, and suspicious accounts involving gambling and fraud are found, and the stock risk is fully investigated, so that the hidden relationship has nowhere to hide.

Card-breaking service

Based on the card number of gambling-related receipts obtained by inspection, combined with the data of intra-bank transactions and the rich business experience logic of Bangsheng Technology, it intelligently analyzes the card number of banks involved in gambling-related fraud, and finally outputs the risk card number and risk degree.

In terms of the capabilities that the risk control system should have, the anti-fraud experts of Bangsheng Technology believe that it mainly includes the following aspects:

The risk control engine: deploying the risk prevention and control rule model and configuring the corresponding rules and strategies, covering the business links of private-to-public account opening, trading, merchant network access and trading.

early warning management: check the risk early warning records afterwards, and make risk characterization by combining the basic information, transaction information, operating environment, equipment and other detailed information of the early warning account/merchant.

list management: manage the list of suspicious accounts involved in gambling and fraud, and support blocking transactions in the list of suspicious accounts in rules and strategies; Download the support list and report it to relevant institutions.

related map: with the help of related map, expand the related objects of informed accounts and suspicious accounts, explore other potential risk accounts and merchants, and help find out the gambling-related fraud gangs.

machine learning: by establishing a machine learning model, the black samples of suspicious accounts are trained, and the characteristic information of important indicators is extracted as a supplement to expert experience.

account control: when conducting suspicious account investigation, business personnel can conduct corresponding account control operations, such as stopping account payment and freezing channels.

data service: it helps to judge the authenticity of account opening/online application information of merchants, including the authenticity of mobile phone number, IP, corporate industrial and commercial registration and other information.

in the face of new risk chaos, the central bank has put forward higher and stricter requirements for banks and other financial institutions. Financial institutions should establish and improve risk monitoring systems and optimize risk prevention and control mechanisms, so as to effectively identify accounts/merchants involved in gambling and fraud, and cut off illegal and criminal capital links such as cross-border gambling and telecommunication network fraud in time.

Bangsheng Technology has accumulated rich anti-fraud business capability and practical experience in system construction in the field of anti-fraud, and also summarized and precipitated business experience for new illegal crimes in telecommunications networks such as cross-border online gambling, with mature products to deal with new risks and intelligent anti-fraud whole-process solutions.

Attachment: Some regulatory documents

1, Yinfa No.21985

Notice on further strengthening payment and settlement management and preventing new illegal crimes in telecommunication networks.

The document requires that the acquiring institution shall not directly or in disguised form provide payment and settlement services for illegal transactions such as Internet gambling and pornography platforms, Internet lottery sales platforms, illegal securities and futures trading platforms, illegal foreign exchange and precious metals investment trading platforms, token business, and bulk commodity trading places without provincial government approval.

2. Notice of five ministries and commissions

The People's Bank of China and the Ministry of Public Security and other five departments jointly issued a notice, requiring banks and payment institutions to implement the main responsibility according to the principle of "whoever opens the card is responsible" and severely punish the illegal and criminal activities of illegally buying and selling the "two cards".

No.3 and No.49 Document

No.49 clearly stipulates that banks and payment institutions should check the characteristics of suspicious funds involved in gambling and fraud and account clues.

urge relevant institutions to check and fill gaps in existing risk prevention and control measures, develop and apply effective financial technology and big data systems, improve the risk monitoring, identification, early warning and handling mechanism of inter-institutional fund transactions handled by the institutions, and realize effective governance of the "capital chain" of gambling and telecom fraud.

based on the principles of "whose account (customer) is responsible" and "whose institution is responsible", it is required to implement the key points of verification, improve the prevention and control mechanism, carry out expanded research and judgment, and report the clues of gambling-related crimes and new risk characteristics in time.