- What is Money Laundering?
- Process of Money Laundering
- Money Laundering Methods
- Politically Exposed Persons
- Money Laundering – Case Studies
- Prevention of Money Laundering Act, 2002 (PMLA)
- RBI Guidelines regarding AML
- AML-KYC International Legislation and Cooperation
- Money Laundering Risks
- Money Laundering Risk Assessment
- The three lines of defence
Online
₹ 3,499
Quick facts
particular | details | |
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Medium of instructions
English
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Mode of learning
Self study
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Mode of Delivery
Video and Text Based
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Course overview
The Certificate in SAR and STR Reporting course provides a comprehensive and practical approach to developing reports related to Suspicious Activity Reports (SAR) and Suspicious Transaction Reports (STR). It also includes an understanding of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT).
Certificate in SAR and STR Reporting by Vskills covers the basics of CFT, which involves identifying and combating the funding of terrorist activities and other financial transactions. Participants will learn the significance of SAR and STR reports in the context of identifying individuals, groups, and organizations involved in fraudulent activities such as money laundering and terrorist financing.
Certificate in SAR and STR Reporting training covers the skill of writing effective SAR narratives. This is crucial as the narrative provides detailed and concise information about the suspicious activity or transaction, enabling law enforcement and regulatory agencies to assess the situation better. This course is provided online and has lifetime certification validity along with lifelong e-learning access to study materials.
The highlights
- Lifelong E-learning Access
- Study Material
- Fully Online
- Government Certification
Program offerings
- Vskills certified
- Lifetime validity of certification
- Practice test
- Certification on completion
Course and certificate fees
Fees information
Candidates enrolling in this course have the option to pay the Certificate in SAR and STR Reporting fees using various popular payment methods. These methods include UPI, EMI, Debit/Credit Cards, Net Banking, Wallet, and similar options. At the time of making the payment, the total fees will include the applicable Goods and Services Tax (GST).
Certificate in SAR and STR Reporting Fee
Name of the Course | Fees |
Certificate in SAR and STR Reporting | Rs. 3,499 + GST |
certificate availability
certificate providing authority
Eligibility criteria
Certification Qualifying Details of Certificate in SAR and STR Reporting
To obtain the certificate, candidates are required to pass an online exam, which will last for 60 minutes and consist of 50 questions. To pass the exam, candidates must achieve a minimum score of 50%, and no marks will be deducted for incorrect answers during the test.
What you will learn
By completing the Certificate in SAR and STR Reporting syllabus, individuals will demonstrate their expertise in SAR and STR reporting, which will enhance their career prospects in the field of compliance and financial institutions. The Vskills Certificate in SAR and STR Reporting equips individuals with the laws, regulations, and guidelines governing SAR and STR reporting. The course will also provide you with an understanding of the role of financial institutions and reporting entities in identifying and reporting suspicious activities.
Who it is for
Certificate in SAR and STR Reporting classes target individuals who are in the following professions:
Admission details
To enrol in the Certificate in SAR and STR Reporting online course, follow these steps:
Step 1: Access the course directly using this link: https://www.vskills.in/certification/accounting-banking-and-finance/sar-str-reporting-certificate.
Step 2: Click on the "Buy Now" button.
Step 3: If you have a coupon apply it, otherwise, proceed by clicking the "Checkout" button to verify the total fees.
Step 4: Log in to your existing account, or if you do not have one, create a new account.
Step 5: Choose your preferred payment method.
Step 6: Confirm your order and proceed to make the payment for the certification fees.
The syllabus
Money Laundering Basics
CFT Basics and Relevance
- What is a Financial Crime?
- What is Combating the Financing of Terrorism (CFT)?
- Process of Combating the Financing of Terrorism (CFT)
- Combating the Financing of Terrorism (CFT) International Initiatives
- Money Laundering and CFT
- Financial Intelligence Units (FIUs)
- Information Sharing under FATF Recommendations
SAR/ STR Reports and Relevance
- What is a SAR (Suspicious Activity Report)?
- SAR International Regulations
- What is STR (Suspicious Transaction Report)
- Suspicious Activity vs. Suspicious Transaction
- SARs / STRs Relevance
- Transaction Monitoring Basics
- Suspicious Transaction Indicators or Red Flags
- Name Screening
- STR Reporting
- SAR Reporting
- Time to Submit STR/SAR to FIU
- FIU-IND’s Cash Transaction Reporting (CTR)
- FIU-IND’s Counterfeit Currency Reporting (CCR)
- FIU-IND’s Account Based Data Files
- FIU-IND’s Transaction Based Data Files
- Using Microsoft Excel for Suspicious Transaction and Activity Detection
Writing Effective SAR Narrative
- How to writing effective SAR/STR Narrative
- Developing Complete and Sufficient SAR
- STR/SAR Report Essential Components
- SAR Narrative Structure
- Tips for Effective SAR Writing
- SAR/STR Report Filing Challenges
- SAR/STR Report Filing Do’s and Don’ts
- SAR/STR Report Submission
Post-SAR
- Suspicion Evaluation and Confirmation
- Who Should Create SAR Reports?
- Documenting Reporting Decisions
- SAR/STR Confidentiality
- STR Decision-Making Process
- Closing or Freezing the Account
- Communicating with Law Enforcement on STRs
How it helps
Upon successfully completing the course, you will earn the 'Vskills Certified' tag on job portals such as Monsterindia.com and Shine.com. This will highlight your expertise and significantly improve your employability opportunities. The Certificate in SAR and STR Reporting benefits by not only offering a government-recognized certification that remains valid throughout your life but also with lifelong access to e-learning resources.
FAQs
It aims to equip professionals, typically in the financial industry, with the knowledge and skills necessary to identify and report suspicious activities or transactions that may be related to money laundering, terrorist financing, or other illegal activities.
The programme is primarily intended for professionals working in the financial sector, such as bank employees, anti-money laundering, analysts, auditors, and other related roles.
The programme typically covers topics related to AML regulations, the role of SAR and STR reports, identifying red flags for suspicious activities, reporting procedures, and more.
No, there are no such prerequisites for this course. However, having knowledge of finance, SAR and STR will be beneficial.
No, this option is not available in this course.