Financial crime is a threat that is becoming ever more widespread, is increasingly hard to detect and often a worrying unknown. Aside from the threat it poses to the security of societies worldwide, it poses a real risk in terms of reputation, process integrity and compliance for the financial community as a whole and for individual financial institutions and organizations.
One of the most practical steps you can take to mitigate these risks is having a proper Anti-Money Laundering (AML) compliance program in place that is capable of identifying and filing suspicious activity reports (SARs).
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Financial crime is a threat that is becoming ever more widespread, is increasingly hard to detect and often a worrying unknown. Aside from the threat it poses to the security of societies worldwide, it poses a real risk in terms of reputation, process integrity and compliance for the financial community as a whole and for individual financial institutions and organizations.
One of the most practical steps you can take to mitigate these risks is having a proper Anti-Money Laundering (AML) compliance program in place that is capable of identifying and filing suspicious activity reports (SARs).
Financial crime is a threat that is becoming ever more widespread, is increasingly hard to detect and often a worrying unknown. Aside from the threat it poses to the security of societies worldwide, it poses a real risk in terms of reputation, process integrity and compliance for the financial community as a whole and for individual financial institutions and organizations.
One of the most practical steps you can take to mitigate these risks is having a proper Anti-Money Laundering (AML) compliance program in place that is capable of identifying and filing suspicious activity reports (SARs).
This course will give you a comprehensive overview of everything that is relevant in terms of suspicious activity reports.
Your learning journey will cover a number of important concepts, including:
What is a suspicious activity report (SARs) and how is it related to money laundering prevention?
How to identify suspicious activity and what are common red flags?
WHEN and HOW to file a SAR?
What are international regulatory/legal requirements?
What to watch out for? (Timing, Tipping-Off, etc.)
How to write a stellar SAR narrative?
What to do after a SAR has been filed?
Throughout this course you can test your newly acquired knowledge with quiz questions. You will also find a great deal of additional resources as part of this course, including cheat sheets, checklists, questionnaires, tables, and more.
There are no prerequisites for this course and it can be completed in just 1 to 2 hours of your time. That's a very good time investment.
Certificate of Completion
Completing this course shows your dedication to fight money laundering and protect your organization. Why not show that you have acquired specialized knowledge in the field of AML/SAR filing? This courses comes with a Certificate of Completion that you can use to show your newly acquired skills and improved professional value through a better understanding of AML compliance. Start the course and earn your AML certificate today.
Additional Value and Bonus Material
We have also included some awesome bonus material. In particular, you will get the following:
Exclusive LinkedIn community access
3 Quizzes with numerous Quiz Questions
Course Script as download material
Course Slides as download material
Discount codes for additional courses
Course enrollment grants you lifetime access, with no expiration, to all the course lectures. In addition, you’ll also receive support for any questions or uncertainties that might come up. And this all comes with a money-back guarantee. You have nothing to lose and so much valuable AML-specific knowledge to gain. Start this course today.
Here's a deal for you
UDEAFNULP2024
What's inside
Learning objectives
- Understand suspicious activity reports (sars) in the context of anti-money laundering (aml)
- Identify sources for suspicious activity and related red flags
- Learn when and how to file a sar (not covering particular filing systems e.g., goaml, etc.)
- Avoid common pitfalls in sar filing (e.g., tipping-off, timing, etc.)
- Learn how to write a stellar sar narrative
- Understand what to do after a sar has been filed
- Understand suspicious activity reports (sars) in the context of anti-money laundering (aml)
- Identify sources for suspicious activity and related red flags
- Learn when and how to file a sar (not covering particular filing systems e.g., goaml, etc.)
- Avoid common pitfalls in sar filing (e.g., tipping-off, timing, etc.)
- Learn how to write a stellar sar narrative
- Understand what to do after a sar has been filed
Syllabus
Introduction to this course
Thank you & Welcome
What you will learn and who this course is for
Invitation #1 - Explore the Financial Crime Academy Training Platform
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Syllabus
Good to know
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Activities
Quiz: Legal Requirements and Reporting Procedures
Show steps
Test your understanding of legal and regulatory requirements related to SAR filing, ensuring that you stay up-to-date with the latest regulations.
Show steps
-
Review legal and regulatory frameworks
-
Complete a quiz to assess your knowledge
Discuss Common Pitfalls in SAR Filing
Show steps
Engage with peers to identify and discuss common pitfalls and challenges in SAR filing, learning from shared experiences and perspectives.
Show steps
-
Identify typical pitfalls
-
Share and discuss best practices
Follow Regulatory Updates and Industry Best Practices
Show steps
Stay informed about the latest regulatory changes and industry best practices, ensuring that your SAR filing practices are aligned with current standards.
Show steps
-
Subscribe to industry newsletters
-
Attend webinars and conferences
-
Join professional organizations
Four other activities
Expand to see all activities and additional details
Show all seven activities
Identify Suspicious Transactions
Show steps
Engage in practice drills that focus on identifying suspicious transactions, strengthening your analytical skills and transaction monitoring capabilities.
Show steps
-
Review examples of suspicious transactions
-
Practice identifying red flags and indicators
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Work through case studies
Mock SAR Filing Exercise
Show steps
Practice filing a mock SAR to reinforce the steps and considerations involved.
Show steps
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Review the provided SAR filing template or software.
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Identify a hypothetical suspicious transaction or activity.
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Gather relevant information and documentation.
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Complete the SAR template or software, ensuring accuracy and completeness.
-
Review and submit the mock SAR for feedback.
Develop an SAR Writing Template
Show steps
Create a customized SAR writing template that aligns with your organizational requirements, ensuring accuracy and consistency in your reporting.
Show steps
-
Gather input from relevant stakeholders
-
Design a template structure
-
Develop clear and concise instructions
-
Test your template
Explore International Regulations and Case Studies
Show steps
Access and review international regulations, guidelines, and case studies related to SAR filing, expanding your knowledge and understanding of global best practices.
Show steps
-
Identify key international organizations
-
Explore regulatory frameworks
-
Analyze case studies and lessons learned
Quiz: Legal Requirements and Reporting Procedures
Show steps
Test your understanding of legal and regulatory requirements related to SAR filing, ensuring that you stay up-to-date with the latest regulations.
Show steps
- Review legal and regulatory frameworks
- Complete a quiz to assess your knowledge
Discuss Common Pitfalls in SAR Filing
Show steps
Engage with peers to identify and discuss common pitfalls and challenges in SAR filing, learning from shared experiences and perspectives.
Show steps
- Identify typical pitfalls
- Share and discuss best practices
Follow Regulatory Updates and Industry Best Practices
Show steps
Stay informed about the latest regulatory changes and industry best practices, ensuring that your SAR filing practices are aligned with current standards.
Show steps
- Subscribe to industry newsletters
- Attend webinars and conferences
- Join professional organizations
Identify Suspicious Transactions
Show steps
Engage in practice drills that focus on identifying suspicious transactions, strengthening your analytical skills and transaction monitoring capabilities.
Show steps
- Review examples of suspicious transactions
- Practice identifying red flags and indicators
- Work through case studies
Mock SAR Filing Exercise
Show steps
Practice filing a mock SAR to reinforce the steps and considerations involved.
Show steps
- Review the provided SAR filing template or software.
- Identify a hypothetical suspicious transaction or activity.
- Gather relevant information and documentation.
- Complete the SAR template or software, ensuring accuracy and completeness.
- Review and submit the mock SAR for feedback.
Develop an SAR Writing Template
Show steps
Create a customized SAR writing template that aligns with your organizational requirements, ensuring accuracy and consistency in your reporting.
Show steps
- Gather input from relevant stakeholders
- Design a template structure
- Develop clear and concise instructions
- Test your template
Explore International Regulations and Case Studies
Show steps
Access and review international regulations, guidelines, and case studies related to SAR filing, expanding your knowledge and understanding of global best practices.
Show steps
- Identify key international organizations
- Explore regulatory frameworks
- Analyze case studies and lessons learned
Career center
Compliance Analyst
Anti-Money Laundering Analyst
AML Compliance Officer
AML Auditor
Compliance Officer
Fraud Investigator
AML Specialist
Forensic Accountant
Financial Crimes Investigator
Bank Examiner
Risk Analyst
Financial Analyst
Intelligence Analyst
Auditor
Law Enforcement Officer
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