Identifying Suspicious Transactions

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Tags: Anti-Money Laundering

How to Report AML Suspicious Transactions

Last updated 2022-01-10 | 4.2

- What are Suspicious Transactions
- Students will understand how to identify suspicious transactions
-
- Students will have an understanding of how to manage suspicious transactions.

What you'll 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.

* Requirements

* You need to have a basic understanding of anti-money laundering course
* Understand Know Your Customer (KYC)
* Customer due diligence (CDD)

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.

Who this course is for:

  • Compliance Officers, Money laundering reporting officers (MLRO),
  • Fraud and Internal audit, Investigators, AML trainees
  • Tellers, front desk officers, operations, ICT/HR support staff

Course content

3 sections • 8 lectures

Overview of Course 1 lectures

Overview of Course Preview 10:55

A ten minute overview of some topics discussed in this course.  

Video Lessons 4 lectures

Identifying STRs Preview 24:20

Understanding Suspicious Transactions

This section will further test your understanding of what a suspicious transaction is and not. 

How to Report STRs Preview 15:39

Understanding How to Report Suspicious Transactions

Questions to test your understanding of staff responsibilities and general knowledge   

Reading Lessons & Assignment 3 lectures

Terrorism Financing Indicators Preview 01:47

Understand several terrorism financing red flags to help you identify unusual transactions

Money Laundering Indicators Preview 01:16

Understand several Money laundering red flags to help you identify unusual transactions

Money Laundering Transaction Indicators

Put on your creative thinking cap. You will be expected to come up with money laundering indicators.