ICA Essentials - Transaction Monitoring
Get to grips with the fundamentals of transaction monitoring.
Live expert-led workshop
Beginner friendly
Certificate awarded
Fundamentals covered
Available in-house
£100 progression discount
Overview
Get a practical introduction to transaction monitoring in a live online workshop designed for professionals working in regulated environments.
Transaction monitoring is a key area of importance in managing financial crime risk. Through this essentials workshop, learners will get a fundamental understanding of the topic, and its vital role in the control framework. This workshop is suitable for individuals who would like a fundamental understanding of the topic.
- 3-hour live, instructor-led virtual workshop
- Suitable for anyone who wants to learn more about transaction monitoring and its vital role in the control framework
- Receive a certificate of completion
- On completion you will receive a £100 discount towards the ICA Certificate in Anti Money Laundering if you choose to go on to further study
Course details
Price
£315 + tax
ICA CPD Hours
3
Delivery
Live online workshop
Certificate
Certificate of Completion
Next Course Date
09 September 2026, 09:30–12:30 BST
Course dates, fees and enrol now:
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3-hour live online workshop
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Certificate of completion
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3-month ICA membership included
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£100 progression discount on completion
Applicable local taxes, membership fees and discounts will be added to your basket on checkout.
What will I learn?
Explore the key topics covered in this workshop.
International AML/FT framework
- FATF
- Wolfsberg
- EU/US/UK/MAS
Role of transaction monitoring (TM)
- Money laundering process, Know Your Customer (KYC) and TM
- Overview of KYC and TM process and stages
- The 3LoD model and KYC and TM in Financial Institutions
How TM systems work
- Legacy TM system architecture overview
- Fuzzy logic and name screening
- Limitations with screening tools and fuzzy logic matching
- How TM systems work(ed) – rules and scenarios
- Limitations with rules and scenarios
TM alerts and risk based approach investigation
- Externally generated alerts
- Internally generated alerts - the risk rating model.
- RMA alert investigation model and approach
- Documenting the AML investigation – case narratives and suspicious transaction reports
Case study 1: Susie Huang - group discussion
Review a short case study, evaluate and comment on the efficacy of the alerts being generated by Bank ABC. The case was initiated by a transaction monitoring alert.
Latest ML/TF typologies and current trends
- Pandemic response – digital transformation
- FATF related ML/TF risks and policy responses
Is ICA Essentials - Transaction Monitoring right for you?
About ICA Essentials
ICA Essentials are short, expert-led online workshops that provide a practical introduction to key topics in regulatory or financial crime compliance.
Delivered live by industry practitioners, they help professionals build foundational knowledge without committing to a longer qualification.
Whether you're starting out or exploring a new specialism, ICA Essentials offer an accessible way to build your knowledge and a stepping stone to future study. They are also available in-house for firms.
You'll benefit from this course if you:
- Are new to transaction monitoring or anti money laundering
- Need to understand AML/transaction monitoring obligations and risks
- Want foundational knowledge without committing to a full qualification
- Are considering further ICA study
- Need CPD and professional development
What's included
- Live online workshop
- Expert-led
- Certificate of completion
- £100 progression discount available on completion
FAQs
What is ICA Essentials - Transaction Monitoring?
ICA Essentials - Transaction Monitoring is a short, live online workshop that provides a practical introduction to the regulatory requirements for transaction monitoring, how CDD work is performed, alerts and how they are investigated and how to apply this knowledge in a case study.
Who should attend this course?
This course is suitable for professionals who are new to transaction monitoring/anti money laundering or those looking to refresh their knowledge.
Do I need previous experience?
No. This workshop is designed as an introduction to the topic and no prior anti money laundering or transaction monitoring knowledge is required. It is suitable for those seeking a foundational understanding of transaction monitoring/AML/CFT principles and obligations.
What topics are covered?
The workshop covers:
- Define the AML Regulatory requirements for transaction monitoring
- Understand how Client Due Diligence and transaction monitoring work is performed within the three lines of defence the challenges faced
- Appreciate how TM systems architecture and key processes work in practice
- Consider ways to overcome limitations and challenges in TM systems
- Understand how AML/CFT alerts are being generated, investigated, escalated and cleared
- Apply their knowledge in a case study
How is the course delivered?
This course is delivered by tutors who are subject-matter experts.
Will I receive a certificate?
Yes. Participants receive an ICA certificate of completion following attendance on the course.
Do I need to be an ICA member to enrol on this course?
As part of your ICA Essentials enrolment, you will receive a complimentary three-month ICA membership, giving you access to a range of additional resources and professional development opportunities during this period.
What is the difference between ICA Essentials and an ICA Certificate?
ICA Essentials workshops provide an introductory overview of a topic, while ICA Certificates offer a more in-depth learning experience with broader coverage and assessment requirements. ICA Essentials can be a useful first step before progressing to an ICA Certificate qualification.
What course should I take after completing this workshop?
Many learners choose to progress to the ICA Certificate in Anti Money Laundering, which provides a more detailed understanding of AML regulation, risk management and compliance practices.
Are you ready to enrol?
Gain solid understanding of the topic, earn an ICA certificate of completion and take the first step towards a career in transaction monitoring/AML.