How does the Alerts section work? AML

With Pirani you will be able to create alerts of unusual operations that may occur in your organization and make an investigation process to determine if it became a suspicious operation.

The suspicious transactions module is transformed into two new modules, "Risk Factors" and "Alerts", so that you can document all the entities involved in unusual transactions and monitor alerts according to the methodology and regulations of the organization.

→ Remember that you will be able to have this module from the Starter plan ⚡.

The "Alerts" section frames more monitoring features compared to the previous module of suspicious transactions, as it allows you to register unusual transactions in a specialized section, follow up on all the company's operations and associate the transactions with the related risk factors.

How to create alerts? 

To create alerts you must go to the menu on the left side and click on the "alerts" option, here you will be able to create alerts and review previously created alerts. When you click on create alert you will find a pop-up window with two main sections:

• General information: In this section you must fill in the main data of the operation you will report:
  - Report name: what is the name of the operation.
  - Report detection means: you will get a list of options based on what the UIA indicates.
  - Transaction Value: determines the amount of the transaction being reported.
  - Currency: determines the currency of the amount being reported.
  - Transaction Type: selects whether the transaction is domestic or international.
  - Responsible: determines who will be responsible for this operation, as it is confidential information, in this module we will not have groups responsible for the records but only one person can be in charge of each suspicious operation.
  - Period analyzed: select the dates from and until when it will be analyzed.
  - Description of operation: detail what the report of this operation consists of.
  - Attach evidence: you will have the option to attach evidence that will help to strengthen the report.

2.   Persons / Entities
In this section you will be able to associate the customers, counterparties and users involved in the operation.

• Customers: Persons or entities that have a commercial contract with the organization.
• Counterparty: Entities with which there is a contract different from the commercial one, these can be suppliers, partners, investors, among others.
• User: person involved in the operation, but does not have a direct link.
  To relate the entities you must click on the "Associate" option, and the three association options will be displayed.

After choosing which entity you are going to associate the tool will show you the entities that you have created in the customers and counterparties section previously, to select which entity to associate you must click on the "+" icon located on the right side of the entity's name. You can also add new customers and counterparties and the tool will take you to that section saving the information of the alert in the process of creation.

⚡ Users" must be created directly in this section, 

After associating you must click on "back". Now you will be able to indicate the link that each entity has with the alert, this type of relationship can be linked main or associated.

Finally, you must click on the "create" button and monitor them in the alerts module.

How to associate alerts?

You can associate the alert to processes, risks, controls and risk factors that you have within the tool. For any of these options go to the section of interest and click on the "associate" button, there you will find the registers that you can link to the alert, click on the "+" icon to make the association effective.

What can be filtered?

You can filter your alerts by:

• Date of register: when the suspicious operation was reported in the tool.
• The type of alert: whether it is unusual or suspicious.
• Quick search: filter by name or code.