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Transaction Monitoring (for non-banks)

pencil CPE: -

calendar 06 October

clock 8.30am until 1.00pm

location Online Course (Live Session)

View Course Brochure

Transaction monitoring mostly is carried out mostly by ‘rules based’ systems. Outside of the banks, there are some organisations who also use transaction checking sytems, including surveillance of transactions. But many struggle to reconcile volume of transactions and financial process with fraud and AML/ CFT detection efficiency. The range of transaction items and types vary. Payments, transfers, invoicing … Therefore, this new program is to support non-financial institutions; NGO’s, or any companies and organisations with strategic and project management skills

Using an engaging and productive training method, we work with you using presentations, interactive group activities and project management outcomes for maximum learning value.

Participants will learn:

  • How to remove uncertainty and overcome challenges in transition monitoring operations

  • To apply effective project management of the process

  • How to ‘Design out down-time’ with a phased project management approach for efficiency

  • How to support finance and other key personnel in the company / organisation

  • How to marginalise external fraud risk – strategic management and reporting

Topic Areas

  1. Transactions and fraud and AML: key essentials and types

  2. Precision detection and analysis skills

  3. Avoiding the ‘here and now’ pitfall of transaction monitoring

  4. A particular examination of partnerships and existing 3rd-party contractual relationships

  5. Creating a cyclic transaction verification process to capture and verify transaction risks

  6. Implementing excellent strategic fraud management policy

Trainer: Ian Ross (Director, Compliance & Training, Detecta E.U.S.)

  • Accredited Counter Fraud Specialist

  • ‘Listed expert' Cour pénale internationale (The International Court of Justice (The Hague)

  • International Advisory Group Member, United States Institute of Peace ("USIP”)

  • Fellow: Chartered Management Institute

  • Trainer: ACAMS