Suspicious Transaction Report Narrative
What you'll learn
- Student will learn what a suspicion is and what a narrative is
- Learn how to explain suspicion in a clear logical process
- Why your suspicious reports (STR/SAR) never make any impart
- Learn how to differentiate between good and bad narratives
- How to write good opening statements that will capture the reader's attention
- Learn how to start and finish writing a qualitative report.
- How to measure risks attached to such reports
- Learn how to avoid common writing mistakes
- You should have a reasonably good AML/CFT Knowledge.
Most financial and non-financial Institutions struggle with how to send quality Suspicious Transaction Reports (STRs) to the Financial Intelligence Unit (FIUs) mainly because these reports are lacking in the information needed by the analysts or investigators. Most money laundering reporting officers (MLROs) are not skilled or are confused about how to go about the process. This is what this course seeks to address. By sending a qualitative report, the financial institution helps the analysts understand what the suspicion is all about among other reasons.
This is the concluding part of a three-part course namely, “Identifying Suspicious Transactions” and “How to Report Suspicious Transactions under the AML/CFT regime”.
Who this course is for:
- Money Laundering Reporting Officers, Compliance Officers
- Anti-Money Laundering Trainees, Anti-Money Laundering Instructors
- Money laundering certification preppers
- Fraud Analysts and Criminal Law students
A course designed by Samuel Aremu in partnership with g-Log Consult. He is a Certified Anti-Money Laundering Specialist (CAMS) with Postgraduate degrees in Intelligence, Law Enforcement and Criminal Justice. Mr. Samuel has been a driver in the AML/CFT regime in Nigeria and West Africa. He has trained and mentored over 700 students, law enforcement officers, financial and intelligence analysts, and staff of Financial and Designated Non-Financial businesses in Nigeria, Ghana, Senegal, Togo, South Africa among others.
g-Log Consult specialise in Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT), background checks / staff vetting, regulatory compliance, tax matters, financial crimes, fraud, audit, corporate governance and ICT consulting among other subjects of interest.