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Cracking the Code of White-Collar Crime with Sumsub


Cracking the Code of White-Collar Crime with Sumsub



by Rebecca Oi

February 6, 2024

The battle towards monetary crime is an ever-evolving problem requiring knowledgeable information, cutting-edge know-how, and steady studying. 

As white-collar criminals tirelessly innovate their strategies to commit monetary crimes, the query arises: How can one step forward on this high-stakes recreation? 

The reply is perhaps extra intricate than anticipated, however corporations like Sumsub are pioneering the motion to outwit these nefarious actions.

Sumsub Transaction Monitoring Masterclass

Fintech’s guardian towards monetary crime

The urgent problem within the warfare towards monetary crime is the steadiness between the price of compliance and the effectiveness of those measures. 

It’s startling to contemplate that banks may spend as a lot as US$20 billion yearly on compliance regimes, but solely a fraction of legal belongings are efficiently seized. 

This disparity is not only a monetary concern however a big purple flag indicating a spot within the information and experience wanted to fight such crimes successfully. 

Conventional rule-based approaches are quickly changing into outdated as they fail to adapt to the evolving techniques of economic criminals. 

Platforms like Sumsub are essential in bridging this data hole. Sumsub equips trade professionals with the required instruments to remain forward by offering entry to the most recent finest practices in transaction monitoring. 

The Superior Transaction Monitoring Masterclass

Addressing this essential want for knowledgeable vigilance, Sumsub introduces the Superior Transaction Monitoring Masterclass, commencing on 20 February.

This Masterclass isn’t only a course; it’s an in-depth journey into monetary safety.

Contained in the Masterclass

The curriculum of the Masterclass is meticulously designed to equip contributors with theoretical information and sensible expertise. It covers a broad vary of matters, every essential for understanding and combating monetary crimes successfully:

– Transaction monitoring fundamentals

– Deep dive into purple flags, alerts, documentation, and threat calibration

– Collaboration between monetary establishments and regulators

– Methods to apply appropriate Know Your Buyer (KYC) and Buyer Due Diligence (CDD)

– Triggers, alerts, investigations, and submitting suspicious exercise experiences (SARs)

– AI and ML: The way forward for transaction monitoring

Sumsub’s Masterclass goes past conventional schooling by providing these in-depth modules freed from cost. This inclusivity displays Sumsub’s dedication to empowering as many professionals as doable within the battle towards monetary crime.

The course affords:

– Versatile Studying: The self-paced nature of the course permits contributors to interact with the content material on their phrases, with a median completion time of three hours.

– Complete Protection: Spanning seven modules, the course covers every part from fundamental ideas to superior AI-powered investigative strategies.

– Unique Trade Insights: Members will achieve entry to insider data and sources essential for staying forward within the quickly evolving fintech panorama.

– Recognition of Achievement: A certificates of completion might be supplied to showcase the contributors’ newly acquired experience.

The rising significance of fintech experience

Understanding the modifications within the evolving fintech sector, which is predicted to develop from 2 % to 25 % of banking valuations by 2030 is essential.

The Masterclass isn’t nearly studying; it’s additionally a chance to attach with trade leaders. Members will achieve unparalleled entry to a community of veteran fintech CEOs, authorized specialists, and technical specialists.

Speakers - AML Transactional Monitoring Masterclass by Sumsub

This networking facet is invaluable, offering insights into real-world purposes of the course materials and fostering connections that would form future profession trajectories.

It additionally contains an Ask Me Something (AMA) session for personalised queries, providing a direct line to trade specialists for any burning questions.

Areas are filling up swiftly, so guarantee your participation by registering right this moment.

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