Training Objectives

By the end of the programme, participants will:

• Gain a Clear Understanding of EMIs and PIs
• Master the Evolving Regulatory Landscape
• Design and Implement Effective Transaction Monitoring Systems
• Understand Regulatory Reporting & SAR Requirements
• Leverage Technology for Smarter Monitoring
• Apply Learning Through Real Case Studies

Training Outline

I. Laying the Groundwork: Understanding Electronic Money Institutions (EMIs) and Payment Institutions (PIs)

• Breaking It Down: What Sets EMIs and PIs Apart
• The Movers of Money: Key Functions of EMIs and PIs
• From Obligation to Advantage: Why EMIs & PIs Must Monitor Smarter

II. Navigating the Rulebook: Regulatory Foundations for EMIs & PIs

A. Mapping the Regulatory Terrain: What Governs EMIs & PIs

1. Overview of Payment Service Directives (PSDs) 2 and 3
2. Electronic Money Regulation and the Payment Services Regulation
3. Key regulatory requirements for EMIs and PIs
4. Role of regulatory bodies and their jurisdiction

B. From Theory to Practice: Guidelines for Effective Monitoring

1. Overview of transaction monitoring
2. Designing effective transaction monitoring systems
3. Identification of red flags and suspicious patterns
4. Real-time monitoring
5. Record-keeping and documentation requirements

C. From Red Flags to Reports: Navigating Regulatory Disclosures

1. Reporting obligations to regulatory bodies
2. Effective communication with regulatory authorities
3. Requirements for periodic reporting and audits

III. Tech-Driven Compliance: The Tools Behind Smarter Monitoring

A. Inside the Toolbox: Monitoring Tech Every EMI & PI Needs

1. Overview of transaction monitoring software
2. Data analytics and machine learning techniques
3. Automation and artificial intelligence in transaction monitoring
4. Integration with existing systems and data sources

B. Cracking Real Cases: Investigations, Insights & Impact

1. Real-life examples of transaction monitoring in EMIs/PIs
2. Analysis of suspicious transactions and patterns
3. Investigation techniques and decision-making processes
4. Lessons learned and best practices to handle failures and penalties

V. From Insight to Action: Final Takeaways & Strategy

Who Should Attend

The programme is ideal for:

1. Compliance Officers within EMIs/PIs
2. Payment Service Providers (PSPs) Professionals who work in PSPs
3. Risk Managers
4. AML/CFT Officers
5. Operations Managers
6. Auditors and Consultants

Training Style 

This course provides a practical and comprehensive overview of transaction monitoring for EMIs and PIs, covering both regulatory obligations and technical implementation. Through real-world case studies and interactive exercises, participants will learn how to ensure compliance, detect suspicious activity, and reduce financial crime risks.

CPD Recognition

This programme may be approved for up to 3.5 CPD units in Banking and Financial Regulation. 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 3.5 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.

In-house Training

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