Transaction Monitoring Foundations
Learn the Foundations of AML Transaction Monitoring
Transaction monitoring is a key component of effective financial crime detection. Transaction monitoring professionals need to identify when money laundering alerts should be triggered, and understand the results generated by transaction monitoring AML systems. Without knowing what to look for or how to act, your ability to stop illicit activity may be compromised, putting your business under regulatory scrutiny.
This transaction monitoring certificate is a foundation-level course, developed for professionals new to anti-money laundering (AML) compliance. The course will introduce you to the fundamentals of transaction monitoring, including processes, types of risk, and how to spot red flags and act accordingly. You will also learn how to continuously improve your AML transaction monitoring controls.
Transaction Monitoring Foundations is a useful stepping stone for professionals looking to become CTMA qualified in the future.
Transaction Monitoring Foundations Course Content
This transaction monitoring course breaks the topic down into a bite-size learning path. Course content has been written by global subject matter experts, pulling examples from many countries and contexts. Lessons and examples are relevant to any industry, but the primary focus of study is financial institutions, including:
- Banks
- Credit unions
- Asset managers
- Insurance
- Money services businesses (MSBs)
- Securities broker-dealers
- Credit card issuers
- Alternate payment systems
Você aprenderá a
- Identify key components of the transaction monitoring process
- Accurately identify and manage different types of risk
- Assess, investigate, and escalate unusual customer activity
- Determine whether to clear or escalate suspicious activity
- Analyze alerts to decide the right course of action (SAR vs STR)
Principais tópicos do curso
- Key components of the transaction monitoring process
- Identifying and managing different types of risk
- Assessing, investigating, and escalating unusual customer activity
- Determining whether to clear or escalate suspicious activity
- Analysing alerts to decide the appropriate course of action (SAR vs STR)
Intended audience
Transaction Monitoring Foundations has been designed to provide a foundation-level transaction monitoring certificate for anyone involved in compliance and AML monitoring. Participants may be early in their compliance career, or more experienced professionals looking to reinforce their knowledge and improve their organization’s transaction monitoring program. The intended audience for this certificate includes:
- People new to transaction monitoring compliance
- Front-line transaction monitoring employees
- Professionals looking for a refresher transaction monitoring course
- Professionals looking to progress towards Transaction Monitoring Intermediate or CTMA
Course structure
- Four-week online transaction monitoring course
- Available on desktop or mobile (and most other devices)
- Complete the four hours of coursework at your own pace
- Pass a short, 20-question final assessment to receive your ACAMS Transaction Monitoring Certificate
- Results available immediately
A stepping stone in your transaction monitoring career
Transaction Monitoring Foundations is a great first step in your AML compliance career. On finishing the course and passing a short assessment, you will earn a recognized ACAMS transaction monitoring certificate.
Did you know?
ACAMS associate level certifications are modular and built from a basis of our certificate courses. There are two ACAMS transaction monitoring courses – foundations and intermediate – which, together with a proctored exam, form our Certified Transaction Monitoring Associate (CTMA) qualification.
The credits you’ll receive for completing Transaction Monitoring Foundations count toward your CTMA Certification.
Foundation Certificate
+
Intermediate Certificate
+
Proctored Exam
=
Associate Level Certification
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FAQs
An AML transaction monitoring program is one of the ways an organization fulfils its anti-financial crime responsibilities. The AML transaction monitoring process involves 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.
No, there are no prerequisites for the Transaction Monitoring Foundations Certificate. The course is suitable for those new to the topic and those who wish to build on or refresh their existing knowledge.
Yes, ACAMS offers the Transaction Monitoring Intermediate certificate course. Transaction Monitoring Foundations is also a useful stepping stone for professionals looking to become Certified Transaction Monitoring Associate (CTMA) qualified in the future. By completing both the foundations and intermediate certificate courses, and then passing a proctored exam, professionals can earn the ACAMS CTMA Certification.
ACAMS is the leading global membership organization for anti-financial crime professionals, and our certificates and certifications are internationally recognized by organizations, regulators, and governments.
You have four weeks from the date of purchase to complete the Transaction Monitoring Foundations Certificate. 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.
Currently, this ACAMS transaction monitoring course is offered in Dutch, English, French, German, Japanese, Simplified Chinese, Spanish, and Traditional Chinese.
We refresh our study materials periodically, so you may want to re-take this certificate course at a later date to ensure your knowledge remains current.
Pricing
- Access your self-paced online course
- 400 hours of training webinars live and on demand
- Practitioner toolkits and best practice guides
- Perspectives from 115,000+ global members
- Discounts on all ACAMS products