SARs Investigations: Practice like a Professional

Description

The requirement to identify and report suspicious activity for money laundering and/or terrorist financing exists in nearly every well-regulated country and sector. Yet the Financial Action Task Force (FATF) often finds that many countries perform poorly on the quality and quantity of suspicious activity reporting to their respective financial intelligence units (FIUs). Enforcement action for money laundering failures often involves court proceedings that require a responsible officer to justify their investigations when suspicion was identified, and regulators often report that these officers fall below the expected standard of competence in articulating these decisions and rationales.

Therefore, in this second of an optional two-part learning journey, you will be immersed in a digital learning case study which will take you through a practice investigative scenario. This will provide you with direct practical experience, giving you the opportunity to explore the key elements of investigating an internal report or alert, and the skills and techniques required. This will include gathering information, analysis, decision-making and articulating suspicion.
By allowing you to practice key skills, this course will help you build confidence in a case-study based, sandbox learning environment where it’s safe to make mistakes.

NOTE: although this course is the second part of a two-part learning journey, it can be studied on its own.