AML Compliance: Suspicious Transaction Reports (STRs/SARs)

AML Compliance: Suspicious Transaction Reports (STRs/SARs), available at $44.99, has an average rating of 4.05, with 8 lectures, 2 quizzes, based on 76 reviews, and has 301 subscribers.

You will learn about Student will learn what a suspicion is and what a narrative is Why your suspicious reports (STR/SAR) never make any impart Learn how to explain suspicion in a clear logical process Learn how to differentiate between good and bad narratives How to write good opening statements that will capture the reader's attention Learn how to start and finish writing a qualitative report. How to measure risks attached to such reports Learn how to avoid common writing mistakes Definition for Politically Exposed Persons (PEPs) and how to categorize all associates and family members This course is ideal for individuals who are Money Laundering Reporting Officers, Compliance Officers or AML regulatory Trainees, Anti-Money Laundering Instructors or Money laundering certification preppers or Fraud Analysts or examiners and Criminal Law students It is particularly useful for Money Laundering Reporting Officers, Compliance Officers or AML regulatory Trainees, Anti-Money Laundering Instructors or Money laundering certification preppers or Fraud Analysts or examiners and Criminal Law students.

Enroll now: AML Compliance: Suspicious Transaction Reports (STRs/SARs)

Summary

Title: AML Compliance: Suspicious Transaction Reports (STRs/SARs)

Price: $44.99

Average Rating: 4.05

Number of Lectures: 8

Number of Quizzes: 2

Number of Published Lectures: 8

Number of Published Quizzes: 2

Number of Curriculum Items: 11

Number of Published Curriculum Objects: 11

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Student will learn what a suspicion is and what a narrative is
Why your suspicious reports (STR/SAR) never make any impart
Learn how to explain suspicion in a clear logical process
Learn how to differentiate between good and bad narratives
How to write good opening statements that will capture the reader's attention
Learn how to start and finish writing a qualitative report.
How to measure risks attached to such reports
Learn how to avoid common writing mistakes
Definition for Politically Exposed Persons (PEPs) and how to categorize all associates and family members

Who Should Attend

Money Laundering Reporting Officers, Compliance Officers
AML regulatory Trainees, Anti-Money Laundering Instructors
Money laundering certification preppers
Fraud Analysts or examiners and Criminal Law students

Target Audiences

Money Laundering Reporting Officers, Compliance Officers
AML regulatory Trainees, Anti-Money Laundering Instructors
Money laundering certification preppers
Fraud Analysts or examiners and Criminal Law students

(UPDATED JANUARY 2024)

Are you looking to take your AML narrative and report-writing skills to the next level? If so, we’ve got just the thing for you: a guide on how to craft high-quality AML narratives and reports that will impress even the most discerning Financial Intelligence Units (FIUs).

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Updated general content, including the closed caption and subtitle.
Bonus Resource: Wolfsberg AML Principle on Political Exposed Persons (PEPs)
Videos and voicing are being redone with new content

Writing qualitative AML narratives and reports for FIUs should not be a nightmare.

By legislation, all reporting entities are obligated to generate specific reports, known as Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs) in some jurisdictions, to the competent authority Financial Intelligence Units (FIU) for receiving these reports. It has been observed that most financial and non-financial Institutions struggle with sending quality Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs) to the FIUs mainly because these reports lack the salient information the analysts or investigators need to know. Most money laundering reporting officers (MLROs) are not skilled or are confused about how to proceed when needed. This is what this course seeks to address.

Students will learn the following:

1. What is a suspicious transaction?

2. Importance of writing and sending qualitative reports

3. What an account officer must know ahead of time about a client’s information

4. How an account officer should explain what a suspicion is and all others

5. How not to send incomplete STRs/SARs narratives.

6. Case study and class exercise.

By sending a qualitative report, the financial institution helps the financial intelligence analysts or investigators understand the suspicion, among other reasons.

This is the concluding part of a three-part course, “Identifying Suspicious Transactions” and “How to Report Suspicious Transactions Under the AML/CFT Regime.”.

Course Curriculum

Chapter 1: Part 1

Lecture 1: Course Promo

Lecture 2: Suspicious Transaction Reports (STRs)

Lecture 3: Case Study: Suspicious Transaction Article

Lecture 4: Narratives – Elements of a Good Narrative.

Chapter 2: Part 2

Lecture 1: Analyzing Different Narratives

Lecture 2: Analyzing Different Narratives – Part B

Lecture 3: Complete Narration Comparison and Checks

Lecture 4: Reflections and Applications

Instructors

g-Log Consult
gE-Learn

Rating Distribution

1 stars: 7 votes
2 stars: 10 votes
3 stars: 14 votes
4 stars: 26 votes
5 stars: 19 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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