The No.1 reason cited for lowered compliance ratings by examiners is lack of adequate compliance training for appropriate personnel. The No.2 reason cited is outdated or inaccessible policies and procedures. Thorough training, testing and tracking, credit unions can demonstrate to the Examiners that their employees are performing their jobs in compliance with the BSA/AML and Office of Foreign Assets and Controls (OFAC) laws and regulations, greatly minimizing their credit union’s risk.
Focus on BSA/AML for Credit Unions, from Edcomm Banker’s Academy, is a computer-based, distance learning program, which can be delivered via Internet, Intranet or CD. The program teaches banking and credit union compliance using easy-to-understand language in an interactive, self-paced format. The curriculum is customized for credit union positions such as Branch Managers, Platform Professionals, Consumer Lenders, and Tellers, and credit union departments such as Private Banking, Mortgage Lending, eBanking, Small Business Banking, Retail Lending, and Card Services. Focus on BSA/AML for Credit Unions covers: Bank Secrecy Act (BSA), Anti Money Laundering (AML), the red flags of money laundering, USA PATRIOT Act and OFAC, among other topics.
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