Demonstrable knowledge of the Wwft and Sanctions Act is a prerequisite for employees of a financial institution. However, AML/CFT training only makes sense if it is in line with daily activities.
A certain level of knowledge of the legal requirements and regulations is important for the proper performance of transaction monitoring. But assessing an alert sometimes requires a good dose of analytical skills. How do you analyse and evaluate the information you have about the transaction? How do you draw conclusions? And just as importantly, how do you record your conclusions?
This course is designed to build on the knowledge you already have about compliance with the Wwft, e.g. from our Wwft Awareness course.
Target audience
This in-depth training is intended for employees who are directly involved in the execution of transaction monitoring, but is also of interest to Compliance Officers.
Education level
This in-depth course is the next step after following our Wwft Awareness course. This is a course on HBO (higher vocational education) level. There are no specific prerequisites for this course. However, we assume that you have at least a general idea of the requirements that the Wwft and Sanctions Act set for financial institutions and their employees.
Objectives
Upon successful completion of the program, your understanding of the legal requirements in the area of transaction monitoring under the Wwft, and the background to it, has been enhanced. You will also have been able to practice the skills you need in monitoring transactions.
The training:
Tailors to your specific work activities
Offers demonstrable results
Is not larger than necessary, but relevant
Course content
The e-learning starts with an overview of the legal framework. What is expected of the company when it comes to determining whether a transaction is unusual? On this basis, we put it into practice. Wherever possible, we use concrete examples and cases.
Baseline measurement
The training starts with a baseline measurement to determine whether you can take the test immediately or whether it is best to study the theory first.
Theory
The following topics will be covered during the training:
What is expected of financial institutions when it comes to transaction monitoring?
What role does the transaction profile play in transaction monitoring and how do you set up a transaction profile?
What are alerts and how do they arise?
How do you assess an alert?
How does a report of an unusual transaction proceed?
Test Wwft Transaction Monitoring
Certificate Wwft Transaction Monitoring
Study duration
The e-learning takes an average of three hours to complete, depending on your prior knowledge of transaction monitoring.
Tailor-made courses
Tailored to your organization
We are happy to customise our Wwft courses to meet your organisation’s policy and integrity risk appetite. We can also supplement the courses with examples from your daily practice. In this way, you can be sure that your employees have the right knowledge and skills to effectively combat money laundering and terrorist financing.
Why our Wwft Transaction Monitoring course?
Developed by specialists from Projective Group
Flexible learning where and when it suits you, through our online learning environment or app
Baseline measurement at the beginning of the program, so you know exactly what material you need to go through or can skip
Meet the periodic Wwft training obligation
Frequently Asked Questions
What customisation options are available?
We believe our programmes should offer practical relevance for every participant. That is why we are happy to tailor our standard programmes to align with what is happening within your organisation. You can personalise the content or combine topics from different DSI registers. Read more about the customisation options available.
What about reporting?
Demonstrable professional competence requires proper reporting. As an organisation, you can gain insight into the progress of the entire group of participants through a free dashboard and export reports from it.
Hoe zijn de opleidingen te volgen?
Onze opleidingen worden op een laagdrempelige manier aangeboden, via onze online leeromgeving aNewSpring. Je kunt dus studeren waar en wanneer het jou uitkomt.
Ook bieden wij ‘blended’ opleidingen aan. Hierbij combineren wij de voordelen van online en klassikaal leren. Als dit het geval is, zie je bovenin de balk op de opleidingspagina ‘gemixt’ staan, in plaats van ‘online’.
Personal advice
Interested in a hands-on training course that your employees will enjoy? Please feel free to contact us for more information about the possibilities.
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