Fintelekt’s practical workshop on Transaction Monitoring for Covered Persons in Manila is designed specifically for AML/CTF compliance professionals from banks, non-bank financial institutions, and other covered entities in the Philippines. The session will provide hands-on guidance on implementing a risk-based approach to transaction monitoring, from setting risk parameters and calibrating thresholds to prioritizing alerts and identifying truly suspicious activity. Participants will gain actionable insights into optimizing monitoring systems for effectiveness and regulatory compliance in line with AMLC guidelines and global best practices.

The workshop will also cover the end-to-end transaction monitoring cycle, including alert handling, case investigation, record keeping, and reporting obligations. Real-world examples and case discussions will help participants strengthen internal processes for timely and accurate submission of Suspicious Transaction Reports (STRs) and Covered Transaction Reports (CTRs). By the end of the session, attendees will have a deeper understanding of how to make their monitoring frameworks more effective and align better with both institutional risk appetites and evolving regulatory expectations in the Philippines.

Learning Objectives: 

• Understand the fundamentals of transaction monitoring – its role in the broader AML/CTF framework.

• Identify suspicious transaction patterns and common red flags and typologies related to money laundering, fraud, terrorist financing, and other financial crimes.

• Understand the functionalities of transaction monitoring tools and how rules, thresholds, and scenarios are applied.

• Analyze customer profiles, business activities, and transaction types to apply risk-based prioritization to alerts.

• Compile and document findings for internal records or suspicious transaction reporting (STR) filing.

• Collaborate effectively with other compliance functions (e.g., KYC teams, sanctions screening) to enhance transaction monitoring outcomes.