Training Needs Assessment
Understanding the capabilities and training needs of existing personnel is essential for staff selection, allocation to roles and team creation/enhancement. Training Needs Assessments are conducted by experienced KYC Operations Managers and experienced KYC Trainers who have the ability to assess the theoretical and practical skills and knowledge of a team and devise training programmes to improve team performance. Our TNA methodology can also be applied to business functions other than KYC/AML. Discover more in this download.
Case Study: LYSIS & NAPIER Transaction Monitoring
Lysis Operations Case Study. The challenge: A requirement to have an effective transaction monitoring framework, operational controls and processing to manage and monitor payments across Europe and to establish a solution which can adapt and iterate with the constantly-changing regulations and requirements.
In this paper, we take a closer look at the numbers relating to payments, transactions, and the world of compliance to help explain why some of the current transaction monitoring technologies and operational controls struggle to identify illicit activity. We then look at the role of technology and what future developments will bring to transaction monitoring.