Description

A focused course, tailored for you

Financial Crime Typology Review for Senior Risk Managers

A structured methodology for mapping typologies, calibrating TM rules, and building the regulatory evidence pack that holds up under examination.

Your transaction monitoring model flags a cluster that sits just outside the existing typology set. The typology brief gets reopened. The Head of Financial Crime wants a position before the next AUSTRAC supervisory engagement. You have three weeks, a team that is already at capacity, and a rule set last reviewed eighteen months ago.

$199 one-time

Tailored to your situation. Access within 24 hours. 30-day money-back.

Includes a hand-built implementation playbook delivered alongside course access, generated for your specific situation.

Why this course

Financial crime senior managers at wholesale and investment banks run a recurring problem: regulatory guidance updates faster than the internal TM rule library. An AUSTRAC typology guidance update, a FATF mutual evaluation finding, or a correspondent banking de-risking trigger can expose gaps that were invisible the week before. The standard response is a cross-functional working group, a spreadsheet, and a set of ad hoc calibration tests that take longer than anyone planned. The evidence package that comes out of it is inconsistent, the next examiner has different questions, and the cycle repeats. This course gives you the structured methodology to run that review cleanly, once, with a defensible output.

What you walk away with

Map your institution's typology library against current AUSTRAC, FATF, and Wolfsberg guidance and identify rule coverage gaps before an examiner does.
Run a structured TM rule calibration exercise with a defensible statistical rationale for every threshold decision.
Build an STR/SAR quality testing framework that your compliance committee can sign off on.
Produce a regulatory evidence package for the typology review that answers the questions an AUSTRAC examiner will actually ask.
Design a correspondent banking risk appetite statement grounded in your institution's actual de-risking decisions.
Deliver a financial crime program health brief to senior leadership that is concrete, audit-ready, and does not require a separate narrative to interpret.

The 12 modules

Module 1. Typology Mapping from First Principles

How to rebuild your typology library from regulatory guidance rather than from historical alerts. Covers AUSTRAC typology guidance structure, FATF methods and trends reports, Wolfsberg group principles, and the practical technique of mapping each typology to the product, channel, and customer segment mix at your institution. Output: a typology coverage matrix showing which transaction types each rule set addresses and which are unaddressed.

Module 2. TM Rule Architecture Review

A structured walkthrough of rule audit methodology for a mature TM environment. Covers rule logic documentation standards, scenario-based coverage testing, false positive and false negative rate baselining, and the internal sign-off process that regulators want to see. Includes a worked example using a wholesale banking scenario where a rule set is tested against a published AUSTRAC guidance note and gaps are documented with a remediation recommendation.

Module 3. Threshold Calibration with a Defensible Statistical Rationale

How to move threshold decisions from gut feel to documented statistical rationale. Covers segmentation logic, distribution analysis for transaction value and frequency, and the calibration test methodology that produces a threshold recommendation with a written basis. Addresses the specific examiner question: 'Why is this threshold set at this level?' and how to answer it with reference to your actual customer and transaction data.

Module 4. STR and SAR Quality Testing

A practical framework for internal STR/SAR quality testing before external review. Covers the nine quality indicators AUSTRAC assesses, the sampling methodology for a quality review across a twelve-month lodgement population, common deficiency patterns in the narrative quality of suspicious matter reports at wholesale and investment banks, and the escalation protocol when quality testing surfaces a systemic problem that requires a voluntary disclosure assessment.

Module 5. Correspondent Banking Risk Assessment

How to structure a correspondent banking risk assessment that documents your de-risking decisions with a defensible rationale. Covers Wolfsberg Correspondent Banking Due Diligence Questionnaire standards, the risk appetite statement format, the escalation matrix for borderline correspondent relationships, and the internal audit trail that regulators look for when a relationship was terminated or restricted. Includes a template risk assessment for a correspondent in a jurisdiction with a FATF grey-list or mutual evaluation finding.

Module 6. Regulatory Engagement Preparation

How to structure your institution's position ahead of an AUSTRAC supervisory engagement or a desk review. Covers the document set AUSTRAC typically requests at the outset of an engagement, the briefing format for your Head of Financial Crime, the sequencing of voluntary disclosure versus wait-and-respond decisions, and how to handle a finding that arrives during the engagement period rather than at the final report stage.

Module 7. Financial Crime Evidence Package Construction

A module-by-module walkthrough of how to assemble the regulatory evidence package for a typology review. Covers document structure, the linkage between the typology coverage matrix, the TM rule calibration record, and the STR/SAR quality testing output, and the executive summary format that your Compliance Committee chair can sign off without needing to read the underlying appendices. The output is a single structured evidence package that stands alone.

Module 8. Escalation Protocols and Triage Design

How to design the internal escalation protocol that runs between the TM alert queue, the financial crime investigation team, and the decision authority for STR lodgement. Covers triage criteria, documentation standards at each decision gate, the sign-off matrix for high-value or complex matters, and the record-keeping requirement that regulators check when they are testing whether your escalation protocol is applied consistently in practice rather than just on paper.

Module 9. Cross-Border and Correspondent Risk Monitoring

How to design ongoing monitoring for cross-border payment flows and correspondent banking activity at a wholesale or investment bank. Covers the monitoring logic for SWIFT message traffic, the typology patterns that appear in correspondent-channel transactions but not in domestic retail flows, the alert parameters that need to differ by product line, and the governance requirement for how cross-border monitoring findings feed back into the typology review cycle.

Module 10. Program Governance and Committee Reporting

How to structure the financial crime program governance report for your Compliance Committee or Board Risk Committee. Covers the four metrics that experienced committee chairs ask about, the format for a program health summary that is audit-ready without being a data dump, the escalation trigger that moves an issue from management information to a committee agenda item, and the board-level attestation process for AML/CTF program adequacy.

Module 11. Internal Audit and Second-Line Coordination

How to manage the relationship between the financial crime first-line function, the compliance second line, and internal audit over the course of a typology review cycle. Covers the information-sharing protocol, the scope definition process when audit has a concurrent financial crime review, how to handle a finding from internal audit that conflicts with the position you have taken in the regulatory evidence package, and the documentation standard that keeps both processes clean.

Module 12. Typology Review Cycle Ownership and Continuous Improvement

How to institutionalise the typology review so it runs on a defined cycle rather than reactively when a regulator or guidance note triggers it. Covers ownership assignment, the annual review calendar, the trigger-based review protocol for out-of-cycle guidance updates, the version control standard for typology library documents, and the feedback loop from investigation outcomes back into rule calibration. Output: a one-page typology review governance charter your Head of Financial Crime can approve.

How this addresses your situation

Specific modules that map to what you said you are dealing with.

Modules 1-3 address the typology mapping and TM rule calibration work that follows an AUSTRAC guidance update or a new FATF typology report.

Modules 4-5 address the STR/SAR quality and correspondent banking risk assessment work that regulators examine in a supervisory engagement.

Modules 6-8 address the regulatory engagement preparation and evidence package construction that Senior Managers own when an examination is scheduled.

Modules 9-12 address the ongoing governance, monitoring, and internal coordination that turns a one-off review into a repeatable program discipline.

What you get with this course

Twelve written modules with downloadable templates for every stage of the typology review cycle.
Worked examples grounded in wholesale and investment banking scenarios (SWIFT flows, correspondent banking, high-value client AML).
Typology coverage matrix template ready to populate against your institution's product and channel mix.
STR/SAR quality testing framework with AUSTRAC quality indicator mapping.
Correspondent banking risk assessment template with Wolfsberg CBDDQ alignment.
Regulatory evidence package structure with executive summary format.
Hand-built implementation playbook tailored to your role and delivered alongside course access.

What you will have in hand by Day 1, Week 1, Month 1

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

Before and after

Before

The typology review is triggered by a guidance update or a supervisor question. The team runs ad hoc calibration tests, the evidence package is inconsistent, and the next examiner cycle starts from scratch.

After

You run the typology review on a defined cycle with a documented methodology. The TM rule calibration record has a statistical rationale. The STR/SAR quality testing output feeds the evidence package. When the examiner asks, you have the answer ready.

What happens if you do not address this

AUSTRAC's enforcement record shows that self-assessed program adequacy without documented methodology leaves institutions exposed when a supervisory finding surfaces a rule coverage gap. A defensible typology review on file is the difference between a remediation commitment and a formal direction.

Who it is for

Senior Managers and Directors in financial crime risk functions at tier-one or tier-two financial institutions. You have ownership of the AML/CTF program or a significant strand of it (transaction monitoring, typology framework, STR/SAR quality, correspondent banking). You have regulatory engagement experience and you are accountable to the Chief Financial Crime Officer or the Head of Financial Crime. You are not a first-timer; you need a methodology that works at scale and holds up under examination.

Who this is NOT for. Entry-level analysts learning what a suspicious matter report is. Compliance generalists without financial crime accountability. Teams at smaller institutions where the TM program is largely outsourced.

How it arrives

Text-based course in the Art of Service learning environment, plus downloadable templates and worked examples for every module, plus the hand-built implementation playbook delivered alongside course access.

Time investment. Approximately 8-10 hours across the twelve modules. Most Senior Managers complete it across two working weeks alongside their regular responsibilities.

Why $199 is the right number

AUSTRAC guidance notes and FATF reports are public but unstructured. External consultants can run a typology review for $40,000-$80,000 and the output belongs to the engagement, not to you. Internal training programs cover the regulatory framework but not the methodology for applying it to your specific rule set. This course gives you the structured methodology and the templates to run it yourself, at this level, for $199.

FAQ

Is this relevant to an investment bank rather than a retail bank?

Yes. The worked examples use wholesale banking scenarios: SWIFT correspondent flows, high-value client onboarding, cross-border payment monitoring. The methodology is calibrated for the product and channel mix at a tier-one or tier-two institution, not a retail AML program.

Does this cover AUSTRAC specifically or is it generic AML content?

AUSTRAC is the primary regulatory reference throughout. Modules also reference FATF typology guidance and Wolfsberg standards because an institution subject to AUSTRAC reporting will also be engaging with those frameworks. The regulatory evidence package template is designed to address the questions AUSTRAC asks in a supervisory engagement.

I already run typology reviews. Will this be too basic?

The course is designed for Senior Managers who already own this work. It is not an introduction to financial crime. It is a structured methodology for running the review in a way that produces a defensible, audit-ready output rather than a working-group artefact. If you currently have a documented methodology with a statistical rationale for threshold decisions, some modules will confirm what you already do. If you do not, the course closes that gap.

30-day money-back guarantee. If after a week of working through the materials this is not what you needed, reply to the receipt email and a full refund is processed. No questions, no forms.

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.