Lesson 1Customer due diligence and onboarding controls: KYC, beneficial ownership, screening, EDD triggers for high-risk merchants like crypto and gamblingThis part handles customer checks for sellers and partners, including know your customer, real owners, sanctions and important person checks, extra checks for high-risk areas, and ongoing watching fit for payment handler ways.
Merchant KYC and verification controlsBeneficial ownership identificationSanctions and PEP screening at onboardingEDD for crypto, gambling, and high riskOngoing due diligence and refresh cyclesLesson 2Transaction monitoring and detection rules: typologies for payments and digital wallets, rule design, thresholds, and scenario developmentThis part looks at watching payments for handlers, covering patterns for cards, other methods, and wallets, rule and story setup, limits, alert handling, adjusting, and model leadership to spot money washing and trick patterns.
Payment and wallet AML typologiesDesigning rules and scenariosThreshold setting and calibrationAlert triage and investigation flowsModel validation and performance reviewsLesson 3Risk-based approach: risk appetite statements, risk tolerances, segmentation of customers and productsThis part describes how payment handlers use risk-led ways, including risk hunger and limit words, customer and product grouping, scoring methods, and matching checks and watching strength to risk levels.
Drafting AML risk appetite statementsDefining risk tolerances and limitsCustomer and merchant segmentationProduct and channel risk scoringLinking controls to residual riskLesson 4Reporting and escalation: internal suspicious activity reporting, senior management and board reporting, regulator communication protocolsThis part covers reporting and raising for anti-money laundering and sanctions, including inside odd activity reports, case raising, info for leaders and board, and talk ways with watchers and bank partners.
Internal suspicious activity reportingEscalation criteria and timelinesManagement and board reporting packsRegulator communication protocolsReporting to sponsor banks and partnersLesson 5Sanctions compliance program elements: screening workflows, watchlist management, false positive tuning, blocking/filing proceduresThis part details sanctions following for payment handlers, including check setup, list handling, work flow setup, cutting wrong alerts, and steps for stopping, refusing, reporting, and noting sanctions choices.
Sanctions risk assessment for processorsName and payment screening designWatchlist sourcing and list governanceFalse positive reduction and tuningBlocking, rejecting, and reporting flowsLesson 6Policies and procedures: AML, sanctions screening, KYC, enhanced due diligence (EDD), transaction monitoring, data protection, recordkeepingThis part explains how to write and keep anti-money laundering, sanctions, know your customer, extra checks, watching, data safety, and noting policies and steps that are risk-led, work-real, version-kept, and matched to watcher needs.
Policy hierarchy and ownership modelCore AML and KYC policy elementsSanctions and screening proceduresEDD and transaction monitoring SOPsVersion control and approval workflowLesson 7Training and competency management: role-based training curriculum, frequency, tracking and testing of effectivenessThis part covers role-fit anti-money laundering and sanctions teaching for payment handlers, including setup by job, how often, ways to give, tracking done, testing work, and fixing for low marks or check fails.
Training needs analysis by role and riskDesigning AML and sanctions curriculaTraining frequency and refresher cyclesTesting knowledge and measuring impactTracking completion and remediation stepsLesson 8Governance and organizational structure: Board oversight, Compliance Officer responsibilities, escalation pathsThis part sets leadership setups for anti-money laundering and following in payment handlers, making clear board watch duties, Compliance Officer job, raising ways, and group frames that keep free, well-resourced check jobs.
Board AML and compliance oversight dutiesCompliance Officer mandate and authorityThree lines of defense model in practiceEscalation paths and issue ownershipCompliance and risk committee structuresLesson 9Recordkeeping and auditability: retention requirements, audit trails, change control for rules and modelsThis part explains noting and checkable needs for anti-money laundering setups, including keep times, safe store, check paths for key choices, and change keep for rules, models, and data to help watcher and inside check looks.
Regulatory record retention requirementsDesigning searchable audit trailsEvidence of investigations and decisionsChange control for rules and modelsData lineage and system-of-record controls
