November 18, 2009 ( PowerHomeBiz.com )
- Edcomm Banker's
Academy recently launched a free tutorial that provides Anti Money
Laundering (AML) training for banks and financial institutions located in
the Hong Kong Special Administrative Region. Focus on Anti Money Laundering
for Hong Kong offers an overview of the AML laws and regulations that are
specific to financial institutions in this Eastern Asian country.
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Money laundering in Hong Kong is a considerable problem due to the
vulnerability created by low taxes, a simplified tax system and a
sophisticated banking system. Therefore, the Monetary Authority in Hong Kong
issued the Anti Money Laundering Guidelines, which reflect the revised
Financial Action Task Force's Forty Recommendations on Money Laundering. The
guidelines are used by financial institutions to monitor compliance through
on-site inspections and other means. Hong Kong law enforcement agencies also
provide training and feedback on suspicious transaction reporting.
Focus on Anti Money Laundering, from Edcomm Banker's Academy, teaches
bank employees about AML laws in their country and familiarizes them with
their company's 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 Money Services Business (MSB). Each
course is regularly updated to include changing laws and policies.
Recognizing that money laundering can occur anywhere and everywhere, Edcomm
Banker's 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 Banker's Academy can customize any
training program in any language, for any country, log onto
www.bankersacademy.com or
call +1.212.631.9400.
The Edcomm Group Banker's 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 Banker's 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).
