Money Laundering Threshold

Hi! Ella here! In this video, I’ll guide you through the process of building a legal bot for identifying whether a cash transaction triggers additional documentation requirements using the “Money Laundering Threshold” demo.   

Step 1: Setting the Foundation 

First off, create a catchy name and a quick description for the bot, outlining its capabilities. This helps set the context for users and gives you a clear understanding of what the bot is designed to do. 

Step 2: Structuring the Bot   

Next, to provide a clear structure, add a heading node. Don’t forget to name this heading appropriately, as it helps guide users through the process. 

Step 3: Adding Transaction Type 

Following that, include a checkbox node. Provide a brief description for the user, such as “Please select the type of transaction.” Add as many options as necessary, like “cash deposit” and “anonymous cash transactions with precious metals, such as gold, silver, and platinum.” For this demo, it’s recommended to toggle “exclusive” so users can only select one option. 

Step 4: Preparing for Input 

Next, add another heading node with an appropriate title. Clear headings help segment different stages of the bot and make it user-friendly. 

Step 5: Adding the Amount   

Afterwards, introduce a number node where the user can input the cash amount of their transaction. This step is crucial. 

 Step 6: Setting Up Logical Conditions   

Consecutively, include a logical condition node and add four different logic steps. This allows the bot to evaluate the transaction based on predetermined conditions, guiding users through the process effectively. 

Step 7: Configuring Logic I 

Edit the first logic step and select the “number” variable from the first dropdown, choose “greater equals” from the second dropdown, and set “10000” as the threshold. Add a new condition, select the “checkbox” variable, choose “is” from the second dropdown, and select “cash deposit” from the third.  

The second logic step follows similar logic but adjusts the threshold to “2500” for “anonymous cash transactions with precious metals, such as gold, silver, and platinum.”  

Link both logic steps with the node connector and add a text field to indicate whether additional documentation is required. 

Step 8: Configuring Logic II  

Edit the third logic step and select the “number” variable from the first dropdown, from the second dropdown choose “smaller” and “10000” from the trid. Now add another condition and select “greater” and “0.”  

Add a new condition for the “checkbox” variable, choose “is,” and select “cash deposit.” The last logic step follows similar logic but adjusts the threshold to “2500” for “anonymous cash transactions with precious metals.”

Link both logic steps and add a text field to indicate whether additional documentation is required. 

Now you are ready to click PREVIEW to watch your bot in action.

 Step 10: Testing the Bot  

Select your type of transaction, enter your cash amount, and you will be informed whether you need more documentation or not.

And here you have your Money Laundering Threshold.

Happy automating with e!

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