What are intelligence reports?
Bank Wire Intelligence Reports (BWIR) play a crucial role in providing banks with the necessary information to assess and potentially freeze accounts flagged as suspicious.
When you discover a bank wire transfer to a suspected fraudulent merchant or broker, simply filing a complaint with the bank is often not enough. Presenting banks with a detailed report containing evidence and comprehensive information can push them to take decisive action.
Comprehensive Evidence
Detailed documentation of fraudulent activity and the financial trail behind it.
Account Freezing
Reports structured to enable banks to freeze suspicious accounts quickly.
AML Compliance
Safeguarding funds from potential money-laundering activities under AML frameworks.
Decisive Action
Empowering banks to take immediate, well-supported protective measures.
When to Use Intelligence Reports
- You discover a wire transfer was sent to a suspected fraudulent entity
- A simple bank complaint has not yielded results
- You need compelling evidence to trigger an account freeze
- Law enforcement requires organised financial intelligence for their investigation