How to Detect Suspicious Activity On Your Financial Accounts

No matter whether your business is small or large, the need is to detect suspicious activity on your financial accounts cannot be underestimated. Most of the times, this happens to people who do a large number of transactions every month. Not to mention that the amount of suspicious activity, if any, would be directly proportional to the amount of money that revolves in your financial circle. If a person makes huge transactions every month then a nominal or above average transaction might not bother him and this is how others try to take advantage.


  • 1

    Know about your expenses

    In order to detect or control the suspicious activity on your financial statements, it is of utmost importance that you should have a close look on your expenses. There is no issue in trusting someone but a blind trust can be harmful in these cases, thus you should be very vigilant. Remember that when you have a clear idea about your expenses are it would become easier for you to notice any discrepancy in your financial accounts. This way, you will be able to easily trace the discrepancy , if there is any, in your financial statements of monthly expenses.

  • 2

    Hire a responsible person

    Most of the times, the suspicious activities happened because of hiring an incompetent person. Therefore, it is of utmost importance that you should be very careful while hiring a person to handle your accounts. You must give chance to a couple of candidates and assess them not only on the basis of your personal experience, but on the basis of their qualification as well. After you have shortlisted the candidates you must run the background check on each of them as this will help you a lot in scrutinising among them.

  • 3

    Check all the transactions

    In order to be precise and save your money, you must tally each transaction after regular intervals. This will not only help you in keeping an eye on the person you hired and your financial accounts. Remember that due to this, your account keeper will stay vigilant and there will be a much lesser chance of suspicious activities. Therefore, it is of utmost importance that you should have a close look on your financial account. Do not forget that tallying all the transactions will tell you of any irrelevant purchase or transfer.

Leave a Reply

Your email address will not be published. Required fields are marked *

− 4 = two