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.
Questions?
Schedule a Teams meeting
Do you have any questions about this training? Our learning specialists are happy to answer them. Schedule a Teams meeting with us now.
We think our courses should have practical relevance for all participants. We are happy to adapt our standard programs, so that they fit in with what is going on in your organization. You can personalize content or create a combination of subjects from different DSI programs. Read more about tour tailor-made solutions.
How can I follow the courses?
Our courses are easily accessible, both online and through the app of aNewSpring. You can study wherever and whenever you want.
Wealso offer ‘blended learning’ programs, in which we combine the benefits of in-class and online learning.
How can I sign up for a course?
The Ministry of Compliance distinguishes between individual registrations and registrations on behalf of an organization. As an individual, you can sign up through the website. Just click the ‘register’ button and you can get started right away.
Organizations that want to register several employees at once can get in touch with us. We will make sure your employees can get started as soon as possible.
What about reporting?
Demonstrable professional competence requires good reporting. That is why you can easily create and export reports within our online learning environment via a free accessible dashboard. As an individual participant you can keep track of your own progress. As an organization you can also appoint a contact person who has insight into the progress reports of the entire group of participants.
Who is behind The Ministry of Compliance?
The Ministry of Compliance is an initiative of Projective Group, specialists in financial laws and regulations. Our courses are developed by experienced consultants, supplemented with knowledge from external experts.
By clicking 'accept' you agree to the placing of cookies for statistical, functional and marketing purposes.
