Recent updates to the BSA/AML laws now require MSBs to comply. Consequences of non-compliance include severing of relationships by associated financial institutions and criminal and civil penalties. However, through training, MSBs will be able to ensure that their employees and agents are performing their jobs in compliance with the BSA/AML/OFAC Laws and regulations, they have minimized their risk and that they can demonstrate thorough training, testing and tracking to the Examiners?
Focus on BSA/AML for Money Services Businesses, from Edcomm Banker’s Academy, tackles the compliance needs of currency dealers and exchangers, check cashers, issuers of traveler’s checks and money orders, and stored value money transmitters. The interactive format allows participants to learn at their own pace, from their own perspective, with a curriculum customized to their position. Focus on BSA/AML for Money Services Businesses covers the Bank Secrecy Act (BSA), Anti Money Laundering (AML), the USA PATRIOT Act and OFAC, among other topics. The program includes a quick reference guide to all banking regulations in easy-to-understand language, as well as a searchable library of reference materials.
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 23-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, online bank training and 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)
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA