This program is designed to assist in defining the investigation process and provide additional tools to support both the investigative teams and those who review the decision to submit a report or not. Using a number of scenarios throughout the program you will be asked to consider what investigative steps you would undertake to make a decision and assess potential changes in customer risk rating.
Designed for those who investigate, team leaders and managers the program reflects on regulator expectations and practical investigation activities commensurate with the type of alert.
If you are looking for answer of these questions, you would certainly benefit by attending this AML Workshop:
As part of your AML/CTF program there is a lot of focus on investigating unusual or overly complex transactions but what does this mean in practical terms?
How deep do you dive?
How broad is that investigation and what makes something suspicious enough to report?
How do you make sure every investigation is appropriate in an environment where volumes of alerts and staff numbers can be pressure points on the investigations team?
How do you train new team members in the investigative process?
Why Should You Attend:
We will discuss, and add context to, the amount of information and other documentation included in SMR's when they are submitted. We encourage each attendee to bring along one, de-identified, scenario that can be worked through by the group as an exercise
Using real examples as case studies and identifying the benefits and pitfalls, this program is designed to help you understand:
First Principles - what is it we are trying to identify
Sources of alerts for investigations
Transactional driven v. customer profile driven investigation
Considering peer activity
The importance of taking a holistic view
Customer risk assignment and their activity
Recording the investigative process and reasons for decisions
Following up with customers; and
Making a report.
Understanding the rules and regulator advice
Avenues of inquiry that can be used in an investigation
Consistency in assessing whether or not to report
Better investigation practice
Building a holistic view of the customer
Examples of issues (case studies throughout the course); and
Managing investigation notes and evidence.
Field of Study:
Auditing: 0.6 CPE Credit
Behavioral Ethics: 1.8 CPE Credit
Business Management & Organization: 4.8 CPE Credit
Personnel/HR: 1.6 CPE Credit
Regulatory Ethics: 1.2 CPE Credit
Specialized Knowledge and Applications: 2.4 CPE Credit