Lessons Learned has many years’ experience in designing, developing and implementing global anti-money laundering training programmes, often across multiple jurisdictions. Our techniques are innovative, effective and have been proven in a wide range of different financial institutions. With an emphasis on developing people’s practical skill (e.g., in suspicion recognition) as well as their knowledge and awareness of relevant law, our programmes are popular with learning audiences and compliance professionals alike.
Click above for an explanation of just one of many practical techniques that we have used with our client organizations to make a real difference to AML awareness and compliance. The technique is an account analysis exercise, in which participants study and discuss a selection of different account histories. The purpose of the exercise is to raise participants’ awareness and understanding of different suspicious activity indicators, thus enhancing their ability to recognise what is and is not suspicious. We have developed quite a ‘bank’ of account histories, covering FATF’s suspicious activity indicators as well as a number of other indicators identified by different regulators around the world. The activity can be used for induction training and general awareness training, but it is also suited to the needs of transaction-handling staff who need to be aware of suspicious activity patterns, as they go about processing day-to-day transactions or analyzing reports from transaction monitoring software.
Call us on +44 (0)1531 630110 if you are interested in the technique and how it might be used within your organization.