1. Introduction to Transaction Monitoring 

• Understanding the importance of transaction monitoring in preventing financial crime 

• Overview of regulatory requirements and industry standards 

• Key concepts and terminology in transaction monitoring 
   

2. Designing an Effective Transaction Monitoring Program 

• Establishing objectives and goals for the transaction monitoring program 

• Identifying and assessing inherent and residual risks 

• Developing risk-based transaction monitoring scenarios 
   

3. Transaction Monitoring Tools and Technologies 

• Overview of transaction monitoring systems and software 

• Selection criteria for choosing appropriate monitoring tools 

• Integration with other compliance systems and data sources 
   

4. Setting Thresholds and Parameters 

• Determining thresholds and parameters for monitoring transactions 

• Factors to consider in setting thresholds based on risk assessments 

• Adjusting thresholds to reflect changes in risk profiles and regulatory requirements 
   

5. Conducting Transaction Monitoring Analysis 

• Performing transaction analysis to identify patterns, trends, and anomalies 

• Recognizing red flags and suspicious indicators 

• Documenting findings and maintaining adequate records 
   

6. Escalation and Investigation Procedures 

• Establishing escalation procedures for handling alerts and exceptions 

• Conducting thorough investigations into suspicious transactions 

• Collaboration with other departments and stakeholders 
   

7. Reporting and Documentation 

• Requirements for documenting transaction monitoring activities 

• Reporting suspicious activities to the appropriate authorities 

• Maintaining audit trails and documentation for regulatory purposes 
   

8. Monitoring Program Review and Enhancement 

• Regular reviews and assessments of the transaction monitoring program 

• Identifying areas for improvement and implementing enhancements 

• Adapting to changes in regulations, technologies, and risk profiles