Identifying AML Suspicious Transactions
How to Report AML Suspicious Transactions
Description
The inability of compliance or money laundering reporting officers not to be able to detect suspicious transactions out of several other transactions or what to do next with such transactions is what this course is about. A very thorough examination of what suspicious transactions are, what staff should know about STRs, responsibility of staff, types of red flags among other topics were covered.
What You Will Learn!
- What are Suspicious Transactions
- Students will understand how to identify suspicious transactions,
- Students will have an understanding of how to manage suspicious transactions.
- Know how and when to report STRs to the FIU,
- Explain what constitutes a suspicious transaction,
- How to correctly define Suspicious transactions
- Students will understand simple, but important tips on how to mitigate red flags when identified.
- Know how to manage a client after reporting their suspicious transaction.
Who Should Attend!
- Compliance Officers, Money laundering reporting officers (MLRO),
- Fraud and Internal audit, Investigators, AML trainees
- Tellers, front desk officers, operations, ICT/HR support staff