The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Identify and analyse global risks and vulnerabilities
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Identify a range of ML/TF risks and vulnerabilities potentially impacting on the organisation including cross border transactions Completed |
Evidence:
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Research, analyse and assess types of unusual activity relevant to the industry and/or organisation Completed |
Evidence:
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Explore a range of investigative techniques and analytical tools to detect suspicious matters relating to ML/TF Completed |
Evidence:
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Assess risk profile of different organisational portfolios and determine allocation of resources to monitor transactions Completed |
Evidence:
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Evaluate approaches for monitoring transactions appropriate for identified risks and vulnerabilities Completed |
Evidence:
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Review analytical tools and reporting systems
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Analyse the capabilities of the organisation’s manual and automatic systems and assess the appropriateness for different risk scenarios Completed |
Evidence:
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Evaluate the effectiveness of the organisation’s automated transaction monitoring software in detecting unusual transaction activity Completed |
Evidence:
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Review training programs to encourage staff to use intuition in further investigating unusual matters Completed |
Evidence:
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Review and evaluate organisational processes for triggering and monitoring alerts and creating suspicious matter reports Completed |
Evidence:
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Analyse the process and organisational procedures for evidence based investigations Completed |
Evidence:
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Evaluate the processes and procedures for performing periodic effectiveness monitoring Completed |
Evidence:
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Monitor the performance of analytical tools and reporting systems
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Monitor and review alerts based on specific detection rules Completed |
Evidence:
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Test and evaluate the reporting solution relevant to the detection rules Completed |
Evidence:
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Manage the provision of information and training to staff about the transaction monitoring program Completed |
Evidence:
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Manage the investigation of alerts and generation of suspicious matter reports
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Investigate alerts that have been triggered based on detection rules and prioritise those with the highest risk score Completed |
Evidence:
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Analyse alerts to determine if activity requires further investigation Completed |
Evidence:
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Ensure organisational procedures are followed for initiating an investigative activity or case Completed |
Evidence:
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Analyse and review processes related to investigated cases where no action was taken and cases escalated to a suspicious matter report level to determine whether the actions taken were appropriate Completed |
Evidence:
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Implement effective feedback loops to ensure continuous improvement and training of staff Completed |
Evidence:
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Analyse and report suspicious transactions
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Analyse trends in data related to alerts, activities investigated and suspicious matters reported to determine the effectiveness of reporting systems Completed |
Evidence:
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Oversee the provision of feedback to relevant staff on decisions regarding reports into suspicious transactions and activities Completed |
Evidence:
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Prepare internal reports on suspicious transactions and activities according to organisational procedures Completed |
Evidence:
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Prepare reports on suspicious transactions and activities for regulators, including cross border regulators, following required reporting formats Completed |
Evidence:
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Manage sensitivities and protocols relating to privacy and confidentiality of information when working with multiple regulators or reporting bodies Completed |
Evidence:
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