Certificate in Transaction Monitoring and Financial Crimes

BY
Vskills

Understand the concept of financial crimes and their prevention with the help of the Certificate in Transaction ...Read more

Mode

Online

Fees

₹ 3499

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based

Course overview

The Certificate in Transaction Monitoring and Financial Crimes course offers a practical and comprehensive approach to learn about transaction monitoring and its vital roles. The roles include combating financial crimes like terrorist financing, money laundering, and other fraudulent activities. It is a mandatory requirement for financial institutions and banks to comply with anti-money laundering (AML) regulations. 

Certificate in Transaction Monitoring and Financial Crimes by Vskills explores various aspects, including understanding different types of financial crimes, and strategies for preventing such crimes. We will also learn about generating alerts through transaction monitoring and conducting thorough investigations on these alerts. By obtaining this certification, professionals will demonstrate their expertise in applying transaction monitoring techniques, analyzing alerts, and identifying potential financial crimes.

Certificate in Transaction Monitoring and Financial Crimes training holds immense value for individuals aiming to advance their careers in the financial sector and related fields. This certification equips individuals with the necessary skills to implement effective transaction monitoring systems.

The highlights

  • Fully Online
  • Government Certification
  • Lifelong E-learning Access
  • Online Exam
  • Study Material

Program offerings

  • Practice test
  • Certification on completion
  • Vskills certified
  • Lifetime validity of certification

Course and certificate fees

Fees information
₹ 3,499

Students have the flexibility to pay the Certificate in Transaction Monitoring and Financial Crimes fees through a range of popular payment methods. These options comprise UPI, Debit/Credit Cards, Net Banking, Wallet, EMI, and similar choices. The total amount to be paid will include the GST at the time of payment.

Certificate in Transaction Monitoring and Financial Crimes Fee

Name of the Course 

Fees

Certificate in Transaction Monitoring and Financial Crimes

Rs. 3,499 + GST

certificate availability

Yes

certificate providing authority

Vskills

Who it is for

Certificate in Transaction Monitoring and Financial Crimes classes target individuals who are in the following professions:

Eligibility criteria

Certification Qualifying Details of Certificate in Transaction Monitoring and Financial Crimes

Candidates need to pass an online exam with a minimum of 50% marks. This online exam will be of 60 minutes and will contain 50 questions. If answers are incorrect, no marks will be deducted.

What you will learn

By the end of the Certificate in Transaction Monitoring and Financial Crimes syllabus, candidates will have a comprehensive understanding of various financial crimes, such as money laundering, terrorist financing, fraud, and other illegal activities that can occur within the financial system. Candidates will also learn how to effectively monitor financial transactions to detect suspicious or unusual activities that may indicate financial crimes.

The syllabus

Money Laundering Basics

  • What is Money Laundering?
  • Process of Money Laundering
  • Money Laundering Methods
  • Politically Exposed Persons
  • Money Laundering – Case Studies
  • Prevention of Money Laundering Act, 2002 (PMLA)
  • RBI Guidelines regarding AML
  • AML-KYC International Legislation and Cooperation
  • Money Laundering Risks
  • Money Laundering Risk Assessment

Financial Crimes

  • What is a Financial Crime?
  • Who commits Financial Crime?
  • Types of Financial Crime
  • Financial Crime Risk Assessment
  • Financial Crime Controls
  • Financial Crime Compliance Statement

Transaction Monitoring and Financial Crime Prevention

  • Transaction Monitoring Basics
  • The approach of Banks for Monitoring of Transactions
  • Essentials of Transaction Monitoring Process
  • Methods of Monitoring
  • Suspicious Transaction
  • Name Screening
  • Transaction Laundering
  • Transactional Profile
  • Transaction Monitoring in Banks
  • AML Transaction Monitoring Issues
  • Successful Transaction Monitoring Components
  • Transaction Monitoring Operations

Transaction Monitoring Alert Generation

  • Financial Crimes Indicators
  • False Positive Alarms
  • Suspicious Transaction Monitoring Scenarios
  • Effective Transaction Monitoring Tuning

Alert Investigation

  • AML Alert Investigation Basics
  • Sources of AML Investigations
  • AML Alert Investigation Process
  • Conducting the AML Investigation
  • AML Alert Investigation Challenges
  • Effective AML Alert Investigations Best Practices

Outcomes of Transaction Monitoring Investigations

  • STR Filing Decision-making
  • Closing the Account
  • Communicating with Law Enforcement
  • Investigations by Law Enforcement
  • Law Enforcement Investigation against Financial Institution
  • Cash Transaction Reporting (CTR)
  • Counterfeit Currency Reporting (CCR)
  • Suspicious Transaction Report (STR)
  • Non-Profit Organization Transaction Reports (NTRs)
  • FIU-India’s XML Reporting Format
  • STR Reporting
  • SAR Reporting
  • Account Based Data Files
  • Transaction Based Data Files
  • AML Investigation Case Study
  • Using Microsoft Excel for Transaction Monitoring and Financial Crimes Detection

Admission details

To enrol in the Certificate in Transaction Monitoring and Financial Crimes online course, follow these easy steps:

Step 1. Access the course directly using this link: https://www.vskills.in/certification/accounting-banking-and-finance/transaction-monitoring-financial-crimes-certificate. 

Step 2. Click on the "Buy Now" button.

Step 3. If you have a coupon, you can apply it at this stage. If not, click "Checkout" to see the total fees.

Step 4. If you already have an account, log in with your credentials. If you are new, create a new account.

Step 5. Choose your preferred payment method from the available options.

Step 6. Confirm your order and proceed to make the payment for the certification fees.

How it helps

Participants will gain in-depth knowledge and understanding of transaction monitoring techniques and financial crime detection methods. Certificate in Transaction Monitoring and Financial Crimes benefits individuals by opening up new career opportunities and advancement in the fields of banking, finance, compliance, and risk management. Government certification, lifelong e-learning access, and a “V-skill certified” tag on various job portals are also some of the benefits of this course. 

FAQs

What are the key topics covered in the Certificate in Transaction Monitoring and Financial Crimes online course?

The course covers a wide range of topics, including an introduction to financial crimes, money laundering typologies, regulatory compliance, risk assessment, and the role of technology in financial crime prevention.

How is the course delivered?

The course is delivered online through the provider’s portal.

Can I pursue this certificate if I have no prior experience in finance?

While prior experience in finance can be beneficial, it is not required.

Are there any assessments or exams to obtain the certificate?

Yes, candidates need to pass an online test to get a merit certificate. A participation certificate will be provided to all.

How can I pay for the Certificate in Transaction Monitoring and Financial Crimes online programme fees?

Payment methods for the certification fees include options such as UPI, EMI, Debit/Credit Cards, Net Banking, Wallet, and other popular payment methods.

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