New York, NY (PressExposure) July 28, 2009 -- NEW YORK, NY -- Rosenthal Collins Group has recently launched Bank Secrecy Act (BSA) and Anti Money Laundering (AML) training for its Trust Department from Edcomm Bankerâs Academy. Focus on BSA/AML for Trust Departments will be customized to include the firmâs own policies and procedures, which will be used to train members of their Trust Department for the next three years.
In order to comply with the most recent BSA/AML laws and regulations, brokerage firm staff members need to remain informed of any updates or changes to these laws. Failure to comply with these laws could ultimately result in damaged relationships and criminal and civil penalties for the firm.
Focus on BSA/AML for Trust Departments, from Edcomm Banker's Academy, is a comprehensive BSA and AML training program, customized specifically for Trust staff. The program covers all US BSA and AML laws and regulations with which Banks and Trust staff must comply and review: applicable red flags of money laundering; Currency Transaction Reports (CTRs); Suspicious Activity Reports (SARs); Funds Transfers; Foreign Relations; Information Sharing; Customer Identification Program (CIP); Customer Due Diligence (CDD); Office of Foreign Assets Control (OFAC); High Risk Persons and Entities; High Risk Products and Services and High Risk Geographic Locations.
For more information about programs like this, or to find out how The Edcomm Group Bankerâs Academy can customize any training program, log onto http://www.bankersacademy.com or call +1.212.631.9400.
Established in 1923, Rosenthal Collins Group is an independently owned Futures Commission Merchant (FCM) based in Chicago, Illinois, offering a wide range of services, such as execution, brokerage, clearing, electronic trading, foreign exchange and managed futures to clients around the globe.
The Edcomm Group Bankerâs Academy is a 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Bankerâs Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).
The Edcomm Group Banker's Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.