Effective financial crime detection relies heavily on transaction monitoring. Professionals in this field must be adept at recognizing the triggers for money laundering alerts and interpreting the outcomes produced by anti-money laundering (AML) systems used in transaction monitoring.

This is a foundation course which explains the basics of transaction monitoring, covering processes, various risk types, and identification of unusual transactions and warning signs. Additionally, participants will gain insights into enhancing and refining their AML transaction monitoring controls on an ongoing basis.

Suitable For: All client facing staff.

Learning Outcomes:
Upon completion of this course, participants should be able to:

1. Identify key components of the transaction monitoring process

2.  Accurately identify and manage different types of risks

3. Assess, investigate, and escalate unusual customer activity

4. Determine whether to clear or escalate suspicious activity

5. Analyze alerts to decide the right course of action (SAR vs STR)