Verafin has recently renewed its contract with Edcomm Banker’s Academy for an additional year of its extensive AML training program for Canada.
New York, NY, March 31, 2010 (PressReleasePoint) — Verafin has recently renewed its contract with Edcomm Banker’s Academy for an additional year of its extensive Anti Money Laundering (AML) training program 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 Northern American country.
Money laundering is a growing problem in Canada. Canada’s 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). This has been implemented at the same time as the release of the Financial Action Task Force’s (FATF) latest evaluation of Canada’s Regime and significant changes in the senior management team at Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Focus on Anti Money Laundering for Canada, 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 and is regularly updated to include changing laws and policies. Focus on Anti Money Laundering can be customized to meet the needs of every Bank, Credit Union, or Money Services Business (MSBs). Recognizing that money laundering can occur anywhere and everywhere, Edcomm Banker’s Academy can 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.
Founded in 2003, Verafin is an information technology company located in St. John’s, NL, Canada that specializes in customer intelligence solutions for financial institutions.
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).
The Edcomm Group Banker’s Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the world.
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Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001, USA
Tel:+212.631.9400
Fax: 212.631.0659
[email protected]
http://www.bankersacademy.com
