New York, NY (PressExposure) January 21, 2009 -- A Canada Information Technology Firm has chosen Edcomm Bankerâs Academy to deliver extensive Anti Money Laundering (AML) training for Canada. Focus on Anti Money Laundering for Canada offers an in-depth review of the AML laws and regulations that are specific to financial institutions in this North American country.
Money laundering is a growing problem in Canada. In recent years important changes have been made to legislation to ensure that a strong, comprehensive and operational Anti Money Laundering (AML) system is in place. The key enhancement to Canadaâs regulatory legislation, Bill C-25, has further expanded the reach of the law to new reporting entities, fine-tuned many of the recordkeeping and customer identification practices, and added a major level of customer due diligence (CDD) through the introduction of risk assessment requirements and the need to monitor for politically exposed foreign persons (PEPs). All of this has been implemented at the same time as the release of the Financial Action Task Forceâs (FATF) latest evaluation of Canadaâs Regime and significant changes in the senior management team at Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The RCMP is also very involved in the prevention and detection of money laundering within the country.
Focus on Anti Money Laundering, from Edcomm Bankerâs Academy, teaches bank employees about AML laws in their country and familiarizes them with their companyâs own policies and procedures. Through this interactive course, students learn everything they need to know to detect and prevent money laundering. Focus on Anti Money Laundering can be customized to meet the needs of every bank, credit union, or MSB. Each course is regularly updated to include changing laws and policies. Recognizing that money laundering can occur anywhere and everywhere, Edcomm Bankerâs Academy is prepared to create a course for any country in need.
For more information about multilingual, multicultural training programs, or to find out how The Edcomm Group Bankerâs Academy can customize any training program in any language, for any country, log onto http://www.bankersacademy.com or call 888-433-2666.
The Edcomm Group Bankerâs Academy is a 21-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.