| In
the wake of increasing terrorism and organized
crime, investigators focus on how such groups
finance their activities and are aiming to
cut off access to these funds. Banks and financial
institutions are now being asked or forced
to significantly increase their efforts to
combat Money Laundering, which requires increased
training of their staff to better understand,
identify, and alert authorities when they
see evidence of Money Laundering.
Moreover, regulations are slowly coming
into effect in most countries, sometimes
with extra territorial jurisdictions which
increases the risks of liabilities on organizations
both from a financial and a reputation stand
point. With the typically large number of
staff working for banks.
E-Learning provides the banking industry
with a tool to help them not only train
their large numbers of employees better,
quicker, and more efficiently, but also
allows them to do this more cost effectively.
Knowledge Platform offers a suite of online
courses that enable institutions to impart
a consistent and effective level of AML
training. The courses are highly interactive
and appealing and have been validated through
adoption by a substantial number of leading
multinational banks and financial institutions
as well as by AUSTRAC, the Australian AML
Financial Intelligence Unit. In addition
to offering generic courses, Knowledge Platform
works with institutions in creating and
managing customized AML awareness and training
programs.
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