Free Transaction Monitoring Course
Transaction Monitoring and Alert Investigation
An AML transaction monitoring alert is a starting point for review, not proof of wrongdoing. Join this free course to follow the evidence, document a clear case narrative, and understand when an alert requires escalation.
About this course
In this free transaction monitoring course, you follow an alert from its first signal to a documented decision. Basic familiarity with banking and KYC helps you place monitoring within the wider anti-money laundering process. You learn how scenarios generate alerts and why thresholds, customer segments, and false positives affect the review queue. The lessons then show how risk-based triage helps an analyst decide what needs attention first.
AML alert investigation training moves from the signal to the supporting evidence. You examine customer activity, linked accounts, and source of funds before assembling an objective transaction narrative. Case documentation and reporting lessons connect findings to closure or escalation, while quality assurance shows how reviews can be improved. This foundation helps you understand an analyst's workflow and prepare for further supervised practice; an alert alone is never treated as proof of financial crime.
Course outline
Building the Foundation: Transaction Monitoring in the AML Ecosystem
In this module, you'll learn why transaction monitoring matters, the roles of FATF, Basel and Wolfsberg, the three lines of defense, what a TMS does, and the alert lifecycle.
Recognizing the Patterns: Core AML Typologies
In this module, you'll learn the three stages of money laundering, how terrorist financing differs, structuring, shell company layering, trade-based laundering, cross-border wire risks, PEPs, and sector-specific patterns.
Inside the Engine: Monitoring Systems and Scenario Design
In this module, you'll learn how a monitoring system is built, rules-based versus behaviour-based detection, setting thresholds, segmenting customers, managing false positives, tuning scenarios, and basic model validation.
From Alert to Action: Mastering Initial Triage
In this module, you'll learn how alerts are generated and routed, how to read one, prioritise by risk, run quick customer research, spot unproductive alerts, and escalate properly.
Building the Case: Investigation Techniques and Evidence Gathering
In this module, you'll learn to set investigation scope, build a transaction narrative, analyse source of funds, use internal and external data, map linked accounts, and document each step.
Closing the Loop: Documentation, Decisions, and Regulatory Reporting
In this module, you'll learn what a strong case file contains, how to write objective narratives, when to close, escalate or report, what a SAR includes, and tipping-off rules.
Staying Ahead: Advanced and Emerging Financial Crime Typologies
In this module, you'll learn advanced trade-based laundering, crypto monitoring challenges, mule networks, fraud and laundering convergence, cyber-enabled crime indicators, sanctions evasion patterns, and balancing AI with human judgment.
Raising the Bar: QA, Governance, and Continuous Improvement
In this module, you'll learn why QA matters, how alert reviews are assessed, key performance indicators, feeding QA findings back into tuning, exam readiness, and a full alert-to-SAR capstone.
Get access to the complete curriculum once you enroll in the course
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Frequently Asked Questions
What prior knowledge helps with this transaction monitoring course?
How does the course explain rule-based and behavior-based monitoring?
What will I learn about prioritizing AML alerts?
Does the free course cover false positives and scenario tuning?
How is evidence gathering taught in the investigation lessons?
Will I learn to write a transaction narrative?
What does the course teach about closing or escalating an alert?
Are emerging financial crime patterns included in the curriculum?
How does quality assurance apply to alert investigation?
Does the course include an end-to-end investigation example?
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