Advanced AML/CTF/CPF (AML Testing, AML Investigation & STR, IRA Implementation)

COURSE OUTLINE:

Part 1: Purpose and Fundamentals of Transaction Monitoring

· Understanding of key concepts

· Methods of money laundering

Part 2: Strategies to Strengthen Transaction Monitoring

· Due diligence

· Monitoring techniques

· Synergies with fraud monitoring tools

· Scenario approach

· Technological advancements – AI & ML

· RFI configuration

· Leveraging all aspects of the transaction monitoring system

Part 3: Transaction Monitoring and Reporting

· Threshold reporting

· STR reporting

· Recent updates and directives & their impact

· Unique typologies in the Philippines & red flags / scenarios

Part 4: Framework for Monitoring

· Risk-based approach

· Sources of triggers

· Detection scenarios

· Automated transaction monitoring

Part 5: Alert Management and Investigation

· Alert investigation – Level 1

· Case management – Level 2

· Dealing with false positives

· Dos and Don'ts in Alert / Case investigation



Part 6: Escalation

· Case escalation and STR filing

· Elements of a good STR report

· Contents & narrative of an STR

· What not to do in an STR

· Actions to be taken post STR filing

DATE/TIME:

28 April 2023 (9:00 AM – 5:00 PM)

SUBJECT MATTER EXPERT:

MR. DANTE FUENTES

President, Association of Certified Fraud Examiners

Philippines Chapter

Training Fee per Participant:

From Member Institution – P 2,800.00

From Non-Member Institution – P 3,920.00

**VAT inclusive