| Edcomm Banker’s Academy Updates Extended Anti Money Laundering Training for South Africa (2009-07-03 05:43:02) |
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Edcomm Banker’s Academy has recently updated its AML training program designed for financial institutions in South Africa.
Keyword : teller training, compliance, eLearning programs, systems training, business solutions
Industry : Education
Release By : Linda Eagle
Email ID : linda.eagle@edcomm.com
New York, NY July 03, 2009 -- Edcomm Banker’s Academy has recently updated its Anti Money Laundering (AML) training program designed specifically for financial institutions in South Africa. Focus on AML for South Africa has been enhanced to include more information and new interactive activities about the AML laws and regulations in South Africa.
South Africa’s position as the major financial center in the region, its relatively sophisticated banking and financial sector and its large cash-based market, all make it a very attractive target for transnational and domestic crime syndicates. The Proceeds of Crime Act (No. 76 of 1996) criminalizes money laundering for all serious crimes in South Africa. 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.
Focus on AML for 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. Beginning with an overview of Anti Money Laundering (AML), the program goes on to cover International Money Laundering, Money Laundering in South Africa and how to prevent, detect and report Money Laundering. 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.
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 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.
Contact:
Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001, USA
+212.631.9400
Fax: 212.631.0659
linda.eagle@edcomm.com
http://www.bankersacademy.com
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