Transaction Monitoring - Empowering your team to combat Financial Crime

Category
AML/CFT

Format
e-Learning

Duration
45 – 60 minutes

Start
Anytime

Transaction Monitoring

In today’s complex financial landscape, effective transaction monitoring is crucial for maintaining the integrity of your institution and complying with regulatory requirements. This comprehensive training course is designed to equip your staff with the knowledge and skills needed to excel in their specific roles within the transaction monitoring process. From front-line employees to senior management, each team member plays a vital part in detecting and preventing financial crime.

Our role-specific approach ensures that every participant gains a deep understanding of their unique responsibilities and how they contribute to the overall anti-money laundering (AML) efforts of your organisation.

Using the i-KYC Transaction Monitoring e-learning helps organisations and their staff to learn the basics of transaction monitoring, including identifying warning signs, taking appropriate action, and continually enhancing your transaction monitoring protocols.

DURATION: APPROXIMATELY 60 minutes including  knowledge checks
TARGET AUDIENCE: This comprehensive training is designed for professionals who, while not directly executing transaction monitoring, play crucial roles in combating Money Laundering within financial institutions. The course is tailored for: Compliance Officers, Senior Management, KYC/CDD Analysts, Relationship Managers.
COURSE OVERVIEW: This highly interactive transaction monitoring (TM) e-learning has especially been designed by subject matter experts. Participants will gain valuable general knowledge about TM and how to recognise how financial firms use TM mitigate AML/CFT risks.
COURSE OBJECTIVES: After completing the e-learning a participant will be able to:

  • Identify key components of the transaction monitoring process
  • Accurately identify and manage different types of risks
  • Assess, investigate, and escalate unusual customer activity
  • Determine whether to clear or escalate suspicious activity
  • Articulate role-specific responsibilities in Transaction Monitoring for management, account managers, and KYC/CDD analysts.
METHODOLOGY: The course has been developed using the latest e-learning authoring tools and is informative, interactive and engaging.
COURSE OVERVIEW: Module 1

  • Introduction to Transaction Monitoring
  • Regulatory Framework and Risk-Based Approach
  • Transaction Monitoring Systems and False Positives Reduction
  • Red Flags and SAR
  • Terrorism Financing, Name Screening, and Record-Keeping

Module 2: Role specific responsibilities

  • Role-Specific Responsibilities in TM
  • Management’s oversight and governance responsibilities
  • Account Managers’ role monitoring and reporting
  • KYC/CDD analysts’ contribution to effective TM

Module 3: Knowledge Check

  • Minimum passing score
  • Audit trail: proof of completion
  • Certificate of Completion

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