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Edcomm Banker’s Academy Updates South Africa Anti Money Laundering (AML) Training Program

Edcomm Banker’s Academy has recently updated its South Africa Anti Money Laundering (AML) training program.

 
PRLog - Jan. 5, 2011 - NEW YORK -- New York, NY -- Edcomm Banker’s Academy has recently updated its South Africa Anti Money Laundering (AML) training program. Focus on AML for South Africa has been revised as part of Edcomm Banker’s Academy’s ongoing commitment to providing the most up-to-date and pertinent financial services information to the global financial industry.

The South African Government (SAG) estimates that $2-8 billion is laundered each year through South African financial institutions. The Proceeds of Crime Act (No. 76 of 1996) criminalizes money laundering for all serious crimes. This Act was supplemented by the Prevention of Organized Crime Act (No. 121 of 1998), which confirms the criminal character of money laundering, mandates the reporting of suspicious transactions, and provides a "safe harbor" for good faith compliance. Violation of this act carries a fine of up to 100 million Rand or imprisonment for up to 30 years.

Focus on AML for the South Africa, from Edcomm Banker’s Academy, teaches bank employees about AML laws in South Africa 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 in South Africa. Focus on AML for South Africa 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 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) is headquartered in New York City with locations and representation throughout the world.

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
linda.eagle@edcomm.com
http://www.bankersacademy.com

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Contact Email:
***@edcomm.com Email Verified
Source:Dr. Linda Eagle
Location:New York City - New York - United States
Industry:Education
Tags:teller training, compliance, aml, multilingual, multimedia, sag
Shortcut:prlog.org/11196888

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