Sumsub Launches Advanced Transaction Monitoring Course to Combat Financial Crime

Sumsub launches its Advanced Transaction Monitoring Masterclass 2024, a free online course educating 2,500 fintech professionals on combating financial crime. The course aims to equip participants with latest strategies and tactics to safeguard businesses against illicit activities.

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Nitish Verma
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Sumsub Launches Advanced Transaction Monitoring Course to Combat Financial Crime

Sumsub Launches Advanced Transaction Monitoring Course to Combat Financial Crime

Sumsub, a leading provider of anti-money laundering (AML) and compliance solutions, is launching the second iteration of its Advanced Transaction Monitoring Masterclass 2024. The free online course aims to educate 2,500 AML, anti-fraud, and compliance professionals in the fintech sector on the latest strategies and tactics to combat financial crime.

The launch of the masterclass comes at a critical time, as the world witnessed a staggering 10x increase in deepfakes detected from 2022 to 2023. This alarming trend underscores the urgent need for fintech professionals to stay updated on the evolving landscape of financial crime and equip themselves with the knowledge and skills to safeguard their businesses against illicit activities.

Why this matters: The rise of deepfakes and other forms of financial crime poses a significant threat to the stability of the global financial system, and it is essential that professionals in the fintech sector are equipped to combat these threats. By providing education and training, initiatives like Sumsub's Advanced Transaction Monitoring Masterclass can help prevent financial losses and protect consumers from fraudulent activities.

The Advanced Transaction Monitoring Masterclass 2024 builds upon the success of its inaugural course in 2023, which received overwhelmingly positive feedback from participants. An impressive 99% of the 2023 course participants reported improved skills and said they would recommend the course to their peers. The course attracted a diverse group of professionals, with 41.4% coming from the fintech industry and 14.7% from the crypto sector.

One of the key highlights of the masterclass is the insights provided by a diverse group of financial crime experts, ranging from junior compliance officers to seasoned Money Laundering Reporting Officers (MLROs). This ensures that participants gain a comprehensive understanding of transaction monitoring from various perspectives and experience levels.

Andrew Novoselsky, Chief Product Officer at Sumsub, expressed his pride in launching the second batch of the Transaction Monitoring course, stating, "Empowering professionals with the essential skills needed to combat financial crime is pivotal in today's ever-evolving landscape. This Masterclass reaffirms our commitment to equipping industry professionals with crucial knowledge and strategies for safeguarding businesses against illicit activities."

The Advanced Transaction Monitoring Masterclass 2024 is designed to accommodate all experience levels, ensuring that participants can benefit from the course regardless of their background. Upon completion, participants will receive a certificate demonstrating their dedication to learning the latest transaction monitoring tactics. The course is offered free of charge, making it an accessible and attractive option for professionals looking to enhance their skills, as alternatives typically cost over $800.

As the fintech sector continues to face increasing threats from financial crime, Sumsub's Advanced Transaction Monitoring Masterclass 2024 serves as a vital resource for professionals seeking to stay ahead of the curve. By providing cutting-edge knowledge and expertise, the course empowers participants to effectively combat illicit activities and contribute to a safer, more secure financial ecosystem.

Key Takeaways

  • Sumsub launches Advanced Transaction Monitoring Masterclass 2024 for 2,500 fintech professionals.
  • The course aims to combat financial crime amidst a 10x increase in deepfakes from 2022 to 2023.
  • 99% of 2023 course participants reported improved skills and would recommend the course.
  • The free online course provides cutting-edge knowledge on transaction monitoring and anti-money laundering.
  • Participants receive a certificate upon completion, demonstrating their commitment to learning.