Outcomes
By the end of this training course, trainees will be able to :
- Explain the end-to-end AML/CFT transaction monitoring cycle, from alert generation through investigation, documentation, and case closure.
- Apply a risk-based approach to designing, calibrating, and tuning transaction monitoring scenarios, rules, and thresholds.
- Identify money laundering and terrorist financing red flags and typologies across products, channels, and customer segments.
- Manage alerts effectively, including triage, prioritization, investigation, escalation, and preparation of quality STR/SAR filings.
- Implement sanctions screening controls over customers, transactions, and payment messages against UN, OFAC, EU, UK OFSI, and local lists.
- Handle screening hits, including matching logic, false positive reduction, disposition, escalation, and blocking, rejecting, and asset freezing obligations.
Target Group
- Compliance and AML/CFT officers, transaction monitoring and sanctions screening analysts, MLROs and their deputies, internal auditors, risk management staff, and operations and payments staff in banks, exchange houses, payment companies, and other financial institutions.
Contents
- AML/CFT regulatory framework and FATF requirements for transaction monitoring and sanctions screening.
- The risk-based approach and the link between customer risk rating and monitoring intensity.
- Transaction monitoring systems: scenarios, rules, thresholds, tuning, and optimization.
- Alert management workflow: triage, investigation, documentation, and escalation.
- ML/TF red flags and typologies, including structuring, layering, trade-based ML, and virtual assets.
- STR/SAR drafting and reporting to the Financial Intelligence Unit.
- Sanctions regimes and lists: UN, OFAC, EU, UK OFSI, and local designations.
- Name and payment screening: matching algorithms, fuzzy logic, list management, and false positive reduction.
- Hit handling and disposition: escalation, blocking, rejecting, and asset freezing.
- Governance and oversight: KPIs, management reporting, model validation, and independent testing.
- Practical case studies and hands-on workshops.