Transaction Monitoring Masterclass: Detect Fraud & Protect Your Business

Introduction to Transaction Monitoring:Overview of transaction monitoring and its significance in modern business.Understanding the impact of fraud on businesses and the economy.Case studies illustrating the consequences of inadequate transaction monitoring.

Regulatory Framework and Risk-Based Approach:Examination of global regulatory frameworks governing transaction monitoring.Introduction to risk-based approaches for effective compliance.Best practices in aligning transaction monitoring strategies with regulatory requirements.

Transaction Monitoring Systems and False Positives Reduction:In-depth exploration of transaction monitoring systems and technologies.Strategies to enhance the efficiency of monitoring systems.Techniques for reducing false positives and optimizing alert investigations.

Red Flags and SAR (Suspicious Activity Reports):Identification of red flags indicating potential fraudulent activities.Hands-on exercises to recognize and analyze suspicious transactions.Comprehensive guidance on preparing and filing Suspicious Activity Reports (SARs).

Terrorism Financing, Name Screening, and Record-Keeping:Analysis of the role of transaction monitoring in detecting terrorism financing.Best practices for name screening to prevent transactions with high-risk entities.Importance of meticulous record-keeping for regulatory compliance and investigations.

Future of Transaction Monitoring:Exploration of emerging technologies in transaction monitoring.Predictive analytics and artificial intelligence in fraud detection.Adapting to evolving regulatory landscapes and emerging threats.