A New York Merchant Bank has named Edcomm Banker’s Academy to provide BSA and AML Training for its Wholesale banking needs.
New York, NY, June 20, 2009 — A New York Merchant Bank has named Edcomm Banker’s Academy to provide Bank Secrecy Act and Anti Money Laundering Training for its Wholesale banking needs. The Bank has also opted to use Edcomm Banker’s Academy’s own Learning Management System (LMS), Learning Link, for hosting and maintenance of BSA/AML for Wholesale Banking.
Bank Examiners have increased their scrutiny of any institution with poor BSA, AML, USA PATRIOT Act and OFAC training. The #1 reason cited for lowered compliance ratings by the Examiners is lack of adequate compliance training for appropriate personnel. The #2 reason cited is outdated or inaccessible policies and procedures.
Focus on BSA/AML for Wholesale Banking is Banker’s Academy’s comprehensive BSA /AML eLearning training program, customized specifically with examples and scenarios for Wholesale Banking staff. The program covers: all US BSA and AML laws and regulations with which Wholesale Banking staff must comply, red flags of money laundering, BSA/AML Compliance Program; Suspicious Activity Reports (SARs) funds transfers, Money Services Businesses (MSBs); foreign relations, information sharing, Customer Identification Program (CIP), Customer Due Diligence (CDD), Office of Foreign Assets Control (OFAC), OFAC Program, 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 Banker’s Academy can customize any training program, 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).
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
