New York, (PressExposure) October 01, 2008 -- In an effort to provide Anti Money Laundering (AML) training and education around the world, The Edcomm Group Bankerâs Academy has launched free AML Overview tutorials - available at http://www.bankersacademy.com and featured at ACAMS (www.acams.org) - that provide banks, credit unions, Money Services Businesses (MSBs), money transmitters and other financial institutions worldwide with information about AML, terrorist financing laws and regulatory bodies in their country.
The tutorials are customized to match the unique AML and terrorist financing laws in a growing list of countries: Australia, Bahrain, Brazil, Canada, China, Germany, India, Japan, Kuwait, Mexico, Nigeria, Saudi Arabia, South Korea, the Netherlands, Turkey, the United Arab Emirates (UAE), and the United Kingdom (UK). New countries will be added each week. Free and without obligation, the AML classes provide great introductory training. Focus on Anti Money Laundering, Bankerâs Academyâs comprehensive AML program, is available as well. To find out more, log onto http://www.bankersacademy.com or call +1 212 631 9400.
Focus on Anti Money Laundering teaches banks, credit unions, Money Services Businesses (MSBs) and money transmitters about AML laws in their country. Additionally, the AML and terrorist financing training provides an overview of the global key laws including, FATF 40, FATF Terrorist Financing, USA PATRIOT Act, Bank Secrecy Act (BSA), OFAC, EU Directives, Wolfsberg Principles, and agencies such as FATF, Basel Committee, Egmont Group of Financial Intelligence Units (FIU), International Monetary Fund (IMF), World Bank, Wolfsberg Group, European Parliament, Asia Pacific Group on Money Laundering (APG), Caribbean Financial Action Task Force (CFATF), African Money Laundering Group, Eurasian Group, Grupo de AcciÃ³n Financiera Internacional sobre lavado de dinero (GAFISUD) and the Middle East and North Africa Financial Action Task Force (MENAFATF). The training covers AML and terrorist financing topics including suspicious activity, smurfing, layering, placement, integration, structuring, FATF typologies, correspondent banking, shell companies, Know Your Customer (KYC), customer identification, Customer Due Diligence (CDD), red flags, hawala, risk management, high risk products, services and countries, and conducting investigations and audits.
The Edcomm Group Bankerâs Academy is a 21-year-old education and communication consulting firm focused on providing bottom-line results that improve productivity, customer service and market share. 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.edcomm.com) (www.bankersacademy.com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.