Key Details

Duration: 3 Hours

Delivery method: In-house

Overview

Screening and monitoring represent an important part of AML controls. Starting with the onboarding of a new client, through payment screening and transaction monitoring, the monitoring framework of a company defines its method of control at critical moments in the anti-money laundering control cycle.This half day course covers all aspects...

Screening and monitoring represent an important part of AML controls. Starting with the onboarding of a new client, through payment screening and transaction monitoring, the monitoring framework of a company defines its method of control at critical moments in the anti-money laundering control cycle.

This half day course covers all aspects of screening and monitoring as it relates to anti-money laundering and sanctions screening. This course is part of CCL Academy’s ‘Financial Crime Workshop’ series, a suite of courses focusing on the practical skills required by Compliance and Financial Crime Prevention professionals.

Who is this for?

The course is designed for Compliance, FCC and/or Audit staff within regulated firms who are involved in identifying and controlling AML and CTF risk. It is particularly suitable for junior Compliance staff (typically those with 1-3 years of experience) who wish to further develop their knowledge and professional skills.

  • Overview of the role of the screening and monitoring framework
  • The role of risk
  • Customer onboarding: screening and adverse media
  • Real time payment screening
  • Transaction monitoring
  • Retroactive screening

After attending this course, you will be able to:

  • Describe the role of a screening/monitoring framework
  • Demonstrate the role of a risk-based approach
  • Describe the key features of screening and monitoring procedures
  • Identify, assess and respond to key outputs from screening/monitoring.