Welcome to the course Operational Analysis

Thanks for taking this course. After finishing it you will be able to

  • Understand the core responsibilities of a Financial Intelligence Unit (FIU)
  • Differentiate between information and intelligence
  • State the steps of the Intelligence Cycle
  • Assess the risk of Suspicious Transaction Reports (STRs)
  • Conduct an analysis of STRs including all steps of the intelligence cycle:
    • Create a collection plan and a working hypothesis
    • Collect information from the STR, the FIU database and other domestic databases like police records
    • Collect information from closed and opened international sources
    • Evaluate and collate the information
    • Analyse the information
    • Create and disseminate reports of your findings

This course is self-paced. You can start, take breaks and continue at any time. It is structured in sessions that build up on each other. So it is recommend to start with Session 1 and continue throughout the other sessions. Your progress is saved. Once you finished all session you will be eligable to obtain a certificate of completion.

This course is a joint development of the International Centre for Asset Recovery (ICAR) and the Egmont Group of Financial Intelligence Units and is based on the content of Egmont's "Tactical Analysis" on-site training.

 
Please create an account or login to start this course. The International Centre for Asset Recovery is not-for-profit and all course are free of charge.

Module 1: Introduction

Session 0: How to use this course

Learning objectives: Introduction how to use the course
Duration: approx. 3 minutes.
Prerequisits: none

Session 1: Introduction

Learning goals: Core functions of a Financial Intelligence Unit.
Duration: approx. 5 minutes.
Prerequisits: Session 0: How to use the course

Session 2: Information, Intelligence and the Intelligence Cycle

Learning goals: Information vs. intelligence. Introduction to the intelligence cycle
Duration approx. 15 minutes.
Prerequisits: You should take look at the Introduction to get to know the core functions of FIUs

Module 2: Planning

Session 3: Risk assessment of STRs

Learning goals: Why to assess the risk of an STR. The risk matrix. Assessing risks of STRs. Indicators of high risk activities.
Duration approx. 20 minutes.
Prerequisits: You should know the core functions of an FIUs and the differences between information and intelligence.

Session 4: Practice risk assessment

Learning goals: Practice to assess risks of STRs
Duration approx. 25 minutes.
Prerequisits: Session 3: Risk assessment of STRs & Session 3a List of indicators

Session 5: Hypothesis and collection plan

Learning goals: Creating a hypothesis. Information included in an STR. Intrdocution of the example case used throughout this course. How to create a collection plan.
Duration approx. 25 minutes.
Prerequisits: Risk assessment of STRs

Module 3: Intelligence Cycle: Collection

Session 6: Collect information; STR and FIU database

Learning goals: Open and closed sources of information. How to search your FIU database.
Duration approx. 25 minutes.
Prerequisits: Module 2: Planning

Session 7: Domestic closed sources

Learning goals: Check company register. Use of police investigation / records. Other domestic sources.
Duration approx. 25 minutes.
Prerequisits: Collect information from STR and FIU database

Session 8: International closed sources

Learning goals: Writing and sending requests for international assisstance (example: using the Egmont Secure Web (ESW))
Duration approx. 25 minutes.
Prerequisits: Information collection domestic sources

Session 9-1: International open sources

Learning goals: Search open sources regarding the subject. Tailor your search with advanced Google search operators to find relevant details.
Duration approx. 10 minutes.
Prerequisits: International closed sources

Session 9-2 : International open sources

Learning goals: Analyze photos of social media exchange (Flickr)
Duration: approx. 15 minutes
Prerequisits: International closed sources

Session 9-3: International open sources

Learning goals: Search for information regarding the companies involved in the case. In this session we use tools to translate websites, retrieve information on Google maps and use the information to check the business model of Tulips United.
Duration approx. 15 minutes.
Prerequisits: International closed sources

Session 9-4: International open sources

Learning goals: Use who.is records to find the owner of a website, use the wayback machine to search for old versions of a website.
Duration: approx. 15 minutes.
Prerequisits: International closed sources

Module 4: Intelligence Cycle: Evaluation, collation, analysis

Session 10: Evaluation

Learning goals: Evaluate the information you collected so far
Duration approx. 20 minutes.
Prerequisits: Intelligence Cycle: Collection

Session 11: Collation

Learning goals: Wrap up the information you collected, find connections and gaps, make information easily accessible
Duration approx. 20 minutes.
Prerequisits: Information collection and evaluation

Session 12: Analysis

Learning goals: Learn that a good understanding of the information collected so far is the basis to find gaps and to analyse the information. Create premises that lead to an inference. Construct the argument that supports your inference.
Duration approx. 35 minutes.
Prerequisits: Session 11, Collation of information

Module 5: Intelligence Cycle: Reporting and Dissemination

Session 13: Written reports

Learning goals: The aim of this session is to equip the analyst with the tools to present intelligence findings effectively. In the first part of the reporting session participants learn to present the results of an analysis in a clear written report.
Duration approx. 20 minutes.
Prerequisits: Module 4: Evaluation, collation, analysis

Session 14: Visual reports

Learning goals: Visually presenting your information helps to clarify data describing multiple relationships among people, organizations and/or other entities. A chart will allow you to identify gaps, leads and present a graphic representation of a case.
Duration approx. 20 minutes.
Prerequisits: Session 13: Reporting

Session 15: Dissemination

Learning goals: Recipients of reports, receiving feedback on reports, filing of a case
Duration approx. 10 minutes.
Prerequisits: Written and visual report

Certificate

Complete the course to download you certificate.

Further documents