Course Overview
One of the basic, whist at the same time, most important controls needed to manage Money Laundering and Terrorism Finance risk, is Transaction Monitoring. Robust Transaction Monitoring systems and processes are required by regulators all around the globe.
The set-up of effective Transaction Monitoring and the identification of red flags and suspicious patterns are important and include numerous considerations.
Not only do alerts need to be handled but also more thorough investigations and even the decision to file suspicious activity reports may be required.
This course will provide professionals with an overview of the most important topics and provide best practices. A number of real-life case studies will be discussed during the course to illustrate how ineffective Transaction Monitoring and identification of suspicious transaction patterns led to regulatory fines and reputational risks.
Training Objectives
By the end of the programme, participants will:
- Better understand the Transaction Monitoring system and process
- Handle Transaction Monitoring alerts and investigations more effectively
- Expand their knowledge of red flags and suspicious patterns
- Improve their investigations skills
Training Outline
- Transaction Monitoring Overview
- Designing effective Transaction Monitoring systems
- Setting-up the Transaction Monitoring process
- Identification of red flags and suspicious patterns
- Handling Transaction Monitoring alerts
- Investigations best practices
Who Should Attend
- Money Laundering Reporting Officers (MLROs)
- AML Officers / Managers
- Compliance Officers
- Transaction Monitoring Analysts
- Senior and Executive Management
- Internal/External auditors
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
Contact Us
For more information, please contact the European Institute of Management and Finance (EIMF) at +357-22274470 or info@eimf.eu.
Note:
Please be informed that we cannot guarantee that the course will run as scheduled, as we may have to proceed with rescheduling or cancellation. In such a case, participating companies or individual participants will be informed accordingly before the seminar.