Transaction Monitoring Foundations

An AML transaction monitoring program is one of the ways an organization fulfils its anti-financial crime responsibilities. Transaction monitoring is the process of monitoring customer activity for “red flags”, which may indicate suspicious activity. An organization’s approach to transaction monitoring will depend on its size, sector, the profile of its customers (including industries and geographies), and its risk appetite.

Most organizations rely on a transaction monitoring system, which automates the process of analyzing customer transactions. When the system flags suspicious transactions, compliance professionals are required to investigate red flags and decide whether they require escalation and further investigation, or whether they are false positives.

Online courses, such as ACAMS Transaction Monitoring Foundations, help professionals to expand or reinforce their AML transaction monitoring knowledge. For more experienced professionals, ACAMS offers the Transaction Monitoring Intermediate Certificate. By completing both the foundations and intermediate certificate courses, and then passing a proctored exam, professionals can earn the ACAMS CTMA Certification.

You have four weeks to complete the Transaction Monitoring Foundations Certificate from the date of purchase. After four weeks, your access to the course will expire and you will no longer be able to access the study materials in the ACAMS learning management system (LMS). You can find the expiration date for your course on the LMS. If you need to extend access to the course for any reason, please contact us.