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FSC - How Transactions Can Actually Harm your Business Without Careful Monitoring

Course Description

Transactions are the livelihood of a business. Without transactions, there is no business. It only takes one unusual or fraudulent transaction to cause significant harm. Transaction monitoring is a formal BSA/AML requirement and includes several facets. Uncover the essentials of transaction monitoring in 30 minutes. Upon completion of this course, students will be able to understand what AML transaction monitoring is, recognize the purpose and importance of AML transaction monitoring, recall the different methods involved in monitoring transactions, be familiar with how risk influences the frequency of transaction monitoring, and understand what "red flags" are and how they can help you identify unusual activity.
30 Minutes
Series: Nonbank Financial Services Audit
Course Format: Online Self-Paced
Package: Non-Bank Advantage, Non-Bank Complete

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