Advancing AML Compliance: Ongoing Monitoring and Reporting

AML Ongoing Monitoring and Reporting Procedures” is to provide participants with a comprehensive understanding of the importance, processes, and best practices involved in ongoing monitoring, transaction analysis, and reporting in Anti-Money Laundering (AML) compliance

Objectives:

1. To familiarize participants with the regulatory requirements and significance of ongoing monitoring, transaction analysis, and reporting in AML compliance.
2. To explore the key components of effective ongoing monitoring, including customer risk assessment, transaction monitoring, and customer information management.
3. To provide insights into transaction analysis, including the identification of red flags and suspicious activities.
4. To explain the legal and regulatory obligations for reporting suspicious activities, including internal reporting processes and procedures.
5. To outline the external reporting obligations, such as reporting to financial intelligence units
6. To discuss best practices for enhancing ongoing monitoring, transaction analysis, and reporting procedures.
7. To address common challenges and pitfalls in AML reporting procedures and provide strategies to overcome them.

By the end of the seminar, participants should have a comprehensive understanding of the ongoing monitoring, transaction analysis, and reporting procedures in AML compliance and be equipped with practical knowledge and strategies to effectively implement these processes within their organizations.