# Transaction Monitoring and Reporting

The **Virtual Account Service (VAS)** includes built-in monitoring and reporting capabilities to ensure regulatory compliance, provide transparency, and give Corporate Clients visibility into fund movements.

Monitoring is focused on **AML/compliance checks**, **fund flow oversight**, and **balance tracking**, while reporting offers detailed account- and transaction-level insights.

## Transaction Monitoring

### 1. Verification of Transfers

- All inbound and outbound transfers are assessed against AML and compliance requirements.
- Ensures funds originate from legitimate, whitelisted sources and are directed to approved customer accounts.
- Transfers from unknown or non-whitelisted accounts may be rejected or held for investigation.


### 2. Monitoring Fund Flows

- Continuous oversight of transfers between **Sub Accounts** and **Parent Accounts**.
- Enforced routing rules (Sub → Parent → Settlement, Settlement → Parent → Sub) ensure compliance and proper reconciliation.
- Controls are applied at each stage of the transaction to prevent unauthorized movements.


### 3. Balance and Fund Movement Oversight

- Sub Account balances are continuously monitored.
- All inflows and outflows are logged with timestamped events.
- Monitoring is supported by core banking system enquiries and automated reporting, ensuring full traceability of balances and movements.


## Reporting

VAS provides a suite of reports and enquiries to support operational and compliance requirements.

### Consolidated Customer Report

- Provides a full view of a Customer’s accounts within VAS:
  - Settlement Account
  - Parent Accounts (per currency)
  - Sub Accounts (per Customer)
  - Whitelisted IBANs
- Useful for reconciliation and compliance audits.


### Account Transaction Details Report

- Detailed breakdown of all transactions for a specific account.
- Includes:
  - Value date
  - Narrative / transaction description
  - Account details
  - Transaction amount and currency


### Customer Relationship Report

- High-level report showing:
  - Customer’s account numbers
  - Account names
  - Currency
  - Current balances
- Useful for relationship managers and corporate oversight.


### Sub Account Deposit Details Report

- Shows deposit information at the Sub Account level, including source details for legitimacy verification.
- Fields include:
  - Account number
  - Transaction type
  - FT (fund transfer) reference
  - Credit account number
  - Transaction amount
  - Value date
  - Status (e.g., pending, posted, rejected)