AML Training Center

Comprehensive training for Anti-Money Laundering professionals and analysts

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Training Overview

Welcome to the BizFirstFi AML Training Center. This comprehensive program is designed specifically for AML analysts, compliance officers, and system administrators working with our advanced transaction monitoring and case management platform.

AML Analysts

Learn to effectively use monitoring tools, investigate alerts, and manage cases.

Duration: 60 minutes | Modules: 6

Compliance Officers

Master case review, decision making, and regulatory reporting processes.

Duration: 90 minutes | Modules: 8

System Administrators

Configure monitoring scenarios, manage users, and maintain system performance.

Duration: 120 minutes | Modules: 10

AML Analyst Training

1 AML Dashboard Overview

Learning Objectives
  • Navigate the AML monitoring dashboard efficiently
  • Understand alert prioritization and queue management
  • Interpret risk scores and alert indicators
  • Use search and filtering capabilities effectively
Dashboard Components

Alert Queue

Prioritized list of alerts requiring investigation, sorted by risk score, SLA urgency, and assignment status.

Performance Metrics

Real-time statistics showing investigation volume, closure rates, and SLA compliance metrics.

Risk Indicators

Visual heat maps and trend analysis showing suspicious activity patterns and risk concentrations.

Navigation Best Practices
Daily Workflow: 1. Review high-priority alerts first (Risk Score > 80) 2. Check SLA alerts and approaching deadlines 3. Process assigned cases by priority 4. Update investigation notes throughout 5. Escalate complex cases when needed 6. Complete daily productivity metrics Keyboard Shortcuts: • Ctrl + Q: Quick case search • Ctrl + A: Assign case to self • Ctrl + E: Escalate case • Ctrl + N: Add investigation notes • Ctrl + S: Save progress • Ctrl + R: Refresh alert queue

2 Alert Investigation Process

Investigation Methodology

Initial Assessment

  • Review alert summary and triggering criteria
  • Analyze customer risk profile and history
  • Examine transaction patterns and amounts
  • Check for related alerts and previous investigations

Data Gathering

  • Collect supporting transaction evidence
  • Review customer documentation and profiles
  • Analyze counterparty information
  • Gather external data sources when available

Analysis & Decision

  • Apply AML typology knowledge
  • Document investigation rationale
  • Determine if activity is suspicious
  • Recommend closure or escalation
Common Alert Types
Alert Type Description Investigation Focus Typical Resolution
High Cash Activity Large or frequent cash transactions Business type, transaction purpose False Positive (95%)
Rapid Movement Funds moving quickly through accounts Source/destination, business relationship Mixed (60% FP, 40% Escalate)
Geographic Risk Transactions to/from high-risk countries Customer background, business justification Enhanced Due Diligence
Structuring Multiple transactions below thresholds Pattern analysis, intent assessment SAR Filing (if confirmed)

3 Transaction Analysis Techniques

Pattern Recognition
Layering Detection: Look for rapid fund movements through multiple accounts: - Same-day deposits and withdrawals - Round dollar amounts - Shell company involvement - Unexplained complexity Structuring Indicators: - Multiple transactions just under $10,000 - Similar amounts across different dates - Multiple locations or methods - Inconsistent with customer profile Integration Schemes: - Legitimate business purchases - Real estate transactions - Investment activities - Cash-intensive business integration
Network Analysis Tools

Transaction Flow Visualization

Use the network diagram to trace money movement through multiple accounts and identify connection patterns.

Entity Relationship Mapping

Analyze relationships between customers, accounts, and beneficial owners to identify hidden connections.

Timeline Analysis

Create chronological views of transactions to identify patterns and unusual timing.

Compliance Officer Training

1 Case Review and Decision Making

Review Responsibilities
  • Validate analyst investigation quality and completeness
  • Apply regulatory guidance and institutional policies
  • Make final determination on suspicious activity
  • Authorize SAR filings and regulatory reports
  • Provide feedback and training to analysts
Decision Criteria
SAR Filing Decision Matrix: File SAR when: ✓ Activity lacks legitimate business purpose ✓ Customer cannot provide reasonable explanation ✓ Transactions inconsistent with known customer profile ✓ Patterns consistent with known AML typologies ✓ Involvement of shell companies or straw men Consider Additional Investigation: ? Partially explained activity ? Borderline risk indicators ? Insufficient documentation ? Customer cooperation concerns Close as False Positive: ✗ Legitimate business activity ✗ Adequately explained transactions ✗ Consistent with customer profile ✗ No suspicious indicators present

Knowledge Assessment

AML Analyst Certification Quiz

Question 1: What is the primary purpose of transaction monitoring in AML?

Question 2: Which threshold typically triggers a CTR (Currency Transaction Report)?

Question 3: What is "layering" in the context of money laundering?

Additional Resources

Regulatory Guidance

Access to current FinCEN guidance, FATF recommendations, and regulatory updates

  • BSA/AML examination procedures
  • SAR filing guidelines
  • Typology red flag indicators
  • International sanctions updates

Case Studies

Real-world scenarios and investigation examples

  • Trade-based money laundering cases
  • Cryptocurrency investigation techniques
  • Shell company detection methods
  • Cross-border investigation coordination

Practice Environment

Hands-on training with simulated transactions and scenarios

Access Training System

Use demo data for safe practice environment

Certification Program

Professional certification tracks for different roles

  • AML Analyst Certification
  • Senior Investigator Track
  • Compliance Officer Certification
  • System Administrator Track