Elevate Your Skills
Fintelekt's FCAP Training Helped a Leading Bank Build AML Analyst Expertise
Professional Training Programs
Early in 2024, a large Indian private bank approached Fintelekt with a significant challenge. The bank’s AML analyst team was relatively young and inexperienced, and the bank needed to quickly ramp up their skills for effectively managing AML transaction monitoring. This prompted the bank’s AML compliance head to approach Fintelekt for a swift and effective training solution.
Fintelekt, a specialist in AML/CFT training for over two decades, was well positioned to address the bank’s needs. The engagement started with a face-to-face interaction with the bank’s AML analyst team to evaluate their existing knowledge and to assess the gaps.
Fintelekt then crafted a comprehensive and intensive 3-month training plan, involving weekly virtual sessions with AML/CFT practitioners and experts. Each 3-hour long session was designed by Fintelekt trainers to be immersive and case-study-based, fostering an interactive learning environment where participants could gain practical insights and hands-on experience.
The training covered a wide range of topics crucial for AML transaction monitoring, including:
- Fundamentals of alert investigation, transaction monitoring, FIU reporting and the elements of a quality Suspicious Transaction Report
- Expectations of regulators, FIUs and LEAs
- Methods of money laundering
- Risks such as trade-based money laundering, terrorism financing, proliferation financing, risks from new payment systems and cryptocurrencies
- Sanctions and screening
The programme helped analysts deepen the understanding of AML principles and practices, significantly reducing their learning curve.
The team members demonstrated their proficiency by successfully passing a final assessment after the 3-month programme, earning the tag of Fintelekt Certified AML/CFT Professional (FCAP).
The Fintelekt training program transformed the group of analysts into a confident, skilled, and certified AML transaction monitoring team, ready to safeguard the bank against financial crimes. It also underscored Fintelekt’s commitment to providing high-quality AML/CFT training solutions that meet the evolving needs of financial institutions.
If you’d like to train your employees in aspects of AML/CFT, please contact:
Oliver Dickson
Vice President – Sales
+91 98231 88864 / +91 93700 78917
oliver@fintelekt.com
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