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

Training Style 

The course takes a thorough and practical delivery approach. It uses presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity. Learning tools will be introduced that will prove to be highly valuable practical use in the organisation.

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.

The course has been approved and verified by the Cyprus Bar Association (CyBAR). The Summary of CyBAR’s Updated CPD Guidelines Based on the Operational Framework of the Cyprus Bar Association (CBA) Academy can be found here.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.