Certificate in AML/CTF Suspicious Activity Reports

Enroll in the Certificate in AML/CTF Suspicious Activity Reports and take your Anti-Money Laundering Career to the next level!

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Course Description

One of the most practical steps you can take to mitigate financial crime risks is to have a proper anti-money laundering or AML compliance program that can identify and report suspicious activity. Further, reporting suspicious activity potentially related to terrorism, terrorist financing, money laundering, and other financial crimes is also commonly a regulatory requirement in many countries around the world and punished with hefty fines with organizations failing to comply.

It is critical for law enforcement’s ability to utilize financial information to combat terrorism, terrorist financing, money laundering, and other financial crimes. A thorough and complete narrative makes the difference in determining whether described conduct and its possible criminal nature are clearly understood by law enforcement.

This certificate program is a training with four modules designed to give you a comprehensive overview of everything relevant to suspicious activity reports or SARs. Essentially, this helps better understand the SAR process and the post-submission environment. Under consideration that suspicious activity reporting forms the cornerstone of every organization’s AML-related reporting system, this course can also help you become more recognized as an AML expert in your organization and support your career by acquiring crucial skills and knowledge.

What You Will Get From This Course

In-demand Skills

Gain the relevant knowledge to ensure that you are supporting your firm and progressing your career.

Career Credential

Get a certificate from the FCA Financial Crime Academy.

Flexibility

Study on-demand and at your own time and pace, regardless of where you are in the world with this flexible online course.

Global Community

Get access to our exclusive LinkedIn group with 1,500+ like-minded professionals and experts.

Course Material

Download supplementary course material such as the comprehensive course study guide.

Quiz Questions

Test your knowledge with multiple-choice questions and determine which skills you have mastered!

Course Overview

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

Target Audience

Professionals wanting to acquire and demonstrate specialized knowledge in AML and Compliance
Professionals wanting to increase their value through better understanding of AML and Compliance
Professionals wanting to build a comprehensive AML and Compliance knowledge
Career starters and students wanting to get an edge in AML and Compliance (might be a challenge without prior knowledge)

Requirements

For participating in this Certificate Program, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.). You will need no previous knowledge in compliance or anti-financial crime, although this is helpful. A background in business, legal, or finance might also be beneficial but is not required.

Learning Method

This Certification Program is presented entirely online. Modules can be completed in your own time and at your own pace. This interactive, supportive teaching model is designed for busy professionals and results in unprecedented certification rates for Certification Programs.

Course Curriculum

Introduction to the Program

Introduction to the Program

Module 1: Introduction to Suspicious Activity and SARs

Introduction to this Module
Money Laundering Prevention
Introducing Suspicious Activity Reports
Sources for Identifying Suspicious Activity
Red Flags and Atypical Customer Behavi
Module Summary
Multiple Choice Quiz

Module 2: When and How to File an SAR

Introduction to this Module
Legal and Regulatory Requirements
Role of the FIU
Organizational Considerations
SAR Decision-Making Process
Determining Suspicious Activity
SAR Timing
Confidentiality of SARs and Tipping Off
Documentation Requirements
Consequences of Non-Compliance (Including Case Studies)
Module Summary
Multiple Choice Quiz

Module 3: How to Write a Stellar SAR Narrative

Introduction to this Module
Know Your Audience
SAR Narrative: Introduction
SAR Narrative: Body
SAR Narrative: Conclusion
Quality and Accuracy
Module Summary
Multiple Choice Quiz

Module 4: Post-SAR

Introduction to this Module
How to Deal with the Client Relationship?
Notifying Senior Management
Module Summary
Multiple Choice Quiz

Final Assessment

Final Assessment

Completing the Program

Completing the Program

Certification Track

Complete all courses of the certification track to become a Certified Money Laundering Prevention Professional (CMLP).

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What our students are saying

Highly recommended!

I liked it a lot. The topics were logically arranged. The presentation was straightforward. It was delivered in a manner that is easy to understand. The practical assessments every end... Read More

Great introductory course to Anti money laundering

Great introductory course to Anti money laundering. Both the course and the material are well structured and the instructor managed to share his knowledge on the subject... Read More

The conception and explanation are so clear even for the beginner level

I'm impressed! The conception and explanation are so clear even for the beginner level, thanks for extra PDF materials to each section. Glad I purchased 2 more courses at the... Read More

Ultimate Guide to Anti-Money Laundering & AML Compliance

This course was a excellent course and I learned so much and the course enlighten my understanding with Guide to Anti-Money Laundering and AML Compliance... Read More

Frequently Asked Questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, a smartphone or table, and a stable internet connection.

Can I download course files and resources for the course?

Absolutely! All the files (including study guide, audiobook, course slides, etc.) in a course are available for download. Just look for a module that shows the files within a course.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 60% passing grade.

How are the exams conducted?

Students are required to complete an online assessment (mostly multiple choice questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 60% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need.

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how the Financial Crime Academy’s courses have helped so many people advance their anti-financial crime, compliance, and risk management careers. Our courses are designed to teach in-demand skills and relevant background knowledge of subject matter expertise needed in practice.

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