Training Objectives

By the end of the programme, participants will:

• Understand the regulatory and legal framework for detecting suspicious activities, including AML and CTF requirements.
• Identify indicators of suspicious transactions and unusual customer behaviour.
• Apply effective transaction monitoring techniques and risk-based approaches.
• Document, investigate, and report suspicious activities to the appropriate authorities.
• Understand the roles and responsibilities of financial institutions in preventing financial crime.
• Implement internal controls, policies, and procedures to mitigate risks.
• Analyse real-life case studies to enhance practical skills in detecting and responding to suspicious transactions.

Training Outline

Introduction to Suspicious Activity

• Definition and importance of monitoring suspicious activity
• Regulatory and legal framework (AML, CTF, FATF recommendations)
• Role of financial institutions in preventing financial crime

Understanding Suspicious Transactions

• Types of suspicious transactions
• Red flags and behavioural indicators
• High-risk customers, accounts, and jurisdictions

Transaction Monitoring and Detection

• Monitoring techniques and systems
• Risk-based approach to suspicious transaction detection
• Use of technology and data analytics in monitoring

Reporting and Escalation Procedures

• Internal reporting requirements
• Preparation of Suspicious Activity Reports (SARs)
• Confidentiality and legal protections for reporting staff

Investigation of Suspicious Activities

• Steps to investigate unusual transactions
• Documentation and evidence collection
• Coordination with compliance and law enforcement

Compliance and Internal Controls

• Developing and implementing AML/CTF policies and procedures
• Staff training and awareness programs
• Periodic audits and compliance assessments

Case Studies and Practical Exercises

• Real-world examples of suspicious transactions
• Group exercises and role-playing scenarios
• Lessons learned and best practices

Who Should Attend 

• Compliance Officers
• Risk Managers
• AML and CTF Analysts
• Internal Auditors
• Financial Institution Managers and Supervisors
• Law Enforcement and Regulatory Professionals
• CDD and KYC Specialists

Training Style

The training will combine theoretical lessons with practical, hands-on activities to engage participants. Interactive discussions, case studies, and real-world examples will help participants apply monitoring techniques and investigate suspicious activities.

CPD Recognition

This programme may be approved for up to 6 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.

In-house Training

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