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Mastering Transaction Monitoring: Best Practices for Financial Crime Compliance and Risk Management

Mastering Transaction Monitoring: Best Practices for Financial Crime Compliance and Risk Management

Dates

  •   to   (2 sessions)
    Delivered Online
    €220+ VAT
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Highlights

  • Live Online

  • 5 CPD Units | 5 Hours

The EIMF Live Online Learning Experience

Participants will receive access to the recorded sessions of the course.

EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more

Course Overview

One of the basic, whist at the same time, most important controls needed to manage Money Laundering and Terrorism Finance risk, is Transaction Monitoring. Robust Transaction Monitoring systems and processes are required by regulators all around the globe.

The set-up of effective Transaction Monitoring and the identification of red flags and suspicious patterns are important and include numerous considerations.

Not only do alerts need to be handled but also more thorough investigations and even the decision to file suspicious activity reports may be required.

This course will provide professionals with an overview of the most important topics and provide best practices. A number of real-life case studies will be discussed during the course to illustrate how ineffective Transaction Monitoring and identification of suspicious transaction patterns led to regulatory fines and reputational risks.

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.

In-house Training

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

Facilitators

  • Holger Pauco Dirscherl

    Holger Pauco Dirscherl

    Holger Pauco-Dirscherl is an experienced and passionate Senior Financial Crime Prevention Professional with a unique blend of international knowledge, expertise and experience and fluent in English together with a good reputation in the national and international Financial Crime Prevention field. He holds an MBA from The Open University Business School and is certified as CAMS, CGSS, CAMS-Audit, CFE and CFCS. He worked in different operational and managerial roles within Financial Crime Prevention covering all areas such as AML, CTF, Fraud, Sanctions and ABC as well as KYC/CDD, KYE, Cross-Border Compliance, International Information Sharing, FATCA and other Compliance topics and including auditing all such topics.. Within these areas he covered both operational activities such as Procedures, Trainings, Monitoring, Screening and Controls as well as strategic activities as Risk Assessments, Policies, Projects and Framework build-ups within an ever changing local and global regulatory environment. Holger also investigated large, complex and international Money Laundering, Sanctions, Corruption and Fraud cases and identified suspicious activity and weak controls, processes, manuals and policies. Within his activities he offered pragmatic solutions to minimise Financial Crime and Regulatory Risk. He is also a recognized SME for Financial Crime Prevention heading the ACAMS Germany Chapter which he also founded, giving a wide range of trainings and acts as a speaker on conferences and symposiums both national and international.