Transaction Monitoring: Essentials for Compliance

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Course Overview

Overview: This course provides a comprehensive understanding of International Accounting Standards, focusing on the principles, guidelines, and real-world applications. Participants will learn how to interpret and apply IFRS/IAS in various financial contexts.

Learning Objectives

Knowledge:

Understand the key principles and guidelines of IFRS/IAS.

Skills:

Apply IFRS/IAS standards in financial reporting and analysis.

Attitudes:

Develop a commitment to accurate and transparent financial reporting.

Target Audience

Financial professionals, accountants, auditors, financial analysts, and anyone involved in financial reporting and compliance.

Course Curiculum

Course Outline

1. Foundations of Transaction Monitoring

Introduction to Transaction Monitoring: Understanding the importance and objectives of monitoring transactions within financial institutions.
Regulatory Frameworks and Compliance: Overview of key regulations and compliance standards governing transaction monitoring globally, including FATF recommendations, and AML (Anti-Money Laundering) directives.
Components of an Effective Transaction Monitoring System: Explore the elements that make up a robust transaction monitoring system, including technology, processes, and people.

2. Implementing Transaction Monitoring Systems

Designing and Configuring Systems: Guidance on setting up transaction monitoring systems, including defining rules, thresholds, and scenarios tailored to the risk profile of the institution.
Data Management for Transaction Monitoring: Understanding the role of data quality, integration, and management in effective transaction monitoring.
Technology and Tools: An overview of the latest technology and tools available for transaction monitoring, including AI and machine learning enhancements.

3. Operationalizing Transaction Monitoring

Detecting Suspicious Activities: Techniques for identifying and assessing potentially suspicious transactions, including typologies of money laundering and fraud.
Investigation and Reporting: Steps for conducting thorough investigations of alerts and the process for reporting suspicious activities to relevant authorities.
Maintaining Compliance and Updating Systems: Strategies for keeping transaction monitoring systems compliant with evolving regulations and best practices for regular review and enhancement of monitoring rules.

International Accounting Standards (IFRS/IAS)

Location: Live Online Training

Initial Price: ~~€220~~

Funding Information: HRDA funds up to 80% of the course fees. Therefore, your company will only pay the amount: €80 *No VAT is charged as SCP’s Funded courses are excluded from it.

Individual (Non-funded)

For a person not eligible for the subsidy, we offer a discounted price of €150(installments accepted x2 or x 3).

Questions? Contact us 70008828 or 96828323

Duration: 7 hours (7CPDs)

+ Online participation in all modules of first-class training
+ Module recordings in your personal account (6 months access)
+ Personal Certificate at the end of the course

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