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Advanced Compliance Training for Compliance Units
Tips for creating high-quality SARs, analytical techniques, link analysis for detecting suspicious behaviour, common mistakes, AML softwares and tips for using it effectively.
Live sessions
Virtual class
Advanced
Live: 5 days
Virtual: 8x3 hrs
AMLTHINK ACADEMY
Who Should Attend?
- Compliance Officers
- Compliance Staff
- Risk Managers
- AML Specialists
- AML Case Managers
- Transaction Monitoring Staff
- Consultants
- Internal Auditors
- Investigators
- Academicians
AMLTHINK ACADEMY
Instructor
AMLTHINK ACADEMY
Course Content
1
INTRODUCTION
- Overview: Proceeds of crime, financing of terrorism and money laundering
- Regional / global crime trends and risks for financial institutions
- National and international regulations
- Regional / global crime trends and risks for financial institutions
- National and international regulations
2
CUSTOMER DUE DILIGENCE (CDD) and ENHANCED DUE DILIGENCE (EDD)
- Identification and know your customer principles
- Simplified measures
- Analytical techniques to determine the beneficial owner
- High-risk businesses
- Transaction monitoring
- Transactions requiring special attention
- Technological risks and counter-measures
- Reliance on third parties
- Correspondent relations
- Refusal of the transaction
- Termination of the business relationship
- Simplified measures
- Analytical techniques to determine the beneficial owner
- High-risk businesses
- Transaction monitoring
- Transactions requiring special attention
- Technological risks and counter-measures
- Reliance on third parties
- Correspondent relations
- Refusal of the transaction
- Termination of the business relationship
3
IDENTIFICATION and MANAGEMENT OF RISK FACTORS
- Identifying, classifying, monitoring high risk customers
- Major internal and external risk factors
- High-risk businesses and professions
- High risk transactions
- High risk countries and cities
- Major internal and external risk factors
- High-risk businesses and professions
- High risk transactions
- High risk countries and cities
4
NEW PRODUCT AND SERVICES
- Risks in new products and services
- Points to be considered in the context of AML /CFT
- Management of compliance procedures
- Points to be considered in the context of AML /CFT
- Management of compliance procedures
5
SUSPICIOUS ACTIVITY REPORTING
- Preliminary analysis for proper identification of suspicion
- Use of existing data in the detection and interpretation of suspicion
- Use of open sources in detecting suspicious transactions
- Identification and interpretation of high risk indicators
- Ways to explain and support information when reporting suspicious transactions
- Tips for an effective SAR
- What happens after SAR reporting?
- Case study
- Use of existing data in the detection and interpretation of suspicion
- Use of open sources in detecting suspicious transactions
- Identification and interpretation of high risk indicators
- Ways to explain and support information when reporting suspicious transactions
- Tips for an effective SAR
- What happens after SAR reporting?
- Case study
6
LINK ANALYSIS IN SUSPICIOUS TRANSACTIONS
- Case analysis in suspicious transactions
- Finding connections/links of the suspect
- Link analysis techniques
- A new SAR or a Supplementary SAR?
- Finding connections/links of the suspect
- Link analysis techniques
- A new SAR or a Supplementary SAR?
7
MOST COMMON MISTAKES for SARs
- Common mistakes for the identification of suspicion
- Common mistakes for the analysis of suspicion
- Common mistakes for the reporting of suspicion
- Self-Confidence risk for Reporting Entities
- Common mistakes for the analysis of suspicion
- Common mistakes for the reporting of suspicion
- Self-Confidence risk for Reporting Entities
8
AML SOFTWARES and EFFECTIVE USAGE TIPS
- Types and functions of AML software
- Points to look for in AML software selection
- Tips for effective use of AML software
- Points to look for in AML software selection
- Tips for effective use of AML software
9
ADVERSE MEDIA SCREENING
- Adverse media screening methods and softwares
- Meaning of "adverse"
- Classification of processes according to the nature
- Meaning of "adverse"
- Classification of processes according to the nature
10
AML SCENARIO OPTIMIZATION
- The importance of AML scenarios
- Fundamentals of risk-based approach in optimization
- Optimization frequency and stages
- Key points to be considered
- Fundamentals of risk-based approach in optimization
- Optimization frequency and stages
- Key points to be considered
11
SANCTIONS
- Types and scope of sanctions
- Sanction screening
- Importance of compliance with sanctions, costs of non-compliance
- Sanction risk management
- Sanction screening
- Importance of compliance with sanctions, costs of non-compliance
- Sanction risk management
12
CASE STUDY and TYPOLOGIES
- Case Study-1: Money Laundering
- Case Study-2: Terrorist financing
- Case Study-3: Cost of Non-Compliance
- Case Study-2: Terrorist financing
- Case Study-3: Cost of Non-Compliance
AMLTHINK ACADEMY
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AMLTHINK ACADEMY
Frequently Asked Questions
How do I enroll or register for this course?
It is important to note that the AMLTHINK ACADEMY Training Packages are offered institutionally. If you would like to take the training courses individually, you can contact us.
What is included in the course content?
AMLTHINK ACADEMY Training Package includes presentations, videos, exams, training materials, and your certificate.
How can I view the training content?
Presentations, videos, exams, training materials, and certificates included in AMLTHINK ACADEMY Training Package are offered exclusively to our members who participate in our training program.
Will a certificate be issued after the training?
After the training, a certificate of completion or certificate of attendance will be issued depending on the level of training. Your certificates will be issued depending on the completion of the training in the case of training without examination and on the passing of the examination in the case of training with examination. Your certificates will be sent to your address and can be downloaded electronically from your AMLTHINK ACADEMY profile page.
Can I enroll or register for this course individually?
If you would like to enroll or register for this course individually, you can contact us.
Can I download the training materials in this course?
The training materials included in the course can be downloaded by our members who have attended the course. If the training materials are updated, the updated versions of the materials will be sent to our members who attended the training.
How can I track my online training?
After logging in with the username and password we gave you in the Member Login section, you will be directed to the training page you received from the system. On this page, you can view your progress in training and pick up where you left off.
