Edcomm Banker’s Academy Launches Free AML Training for Hong Kong

Edcomm Banker’s Academy recently launched a free tutorial that provides AML trai
ning for banks and financial institutions in Hong Kong.
New York, NY, February 25, 2010 -- Edcomm Banker’s Academy recently launched a f
ree tutorial that provides Anti Money Laundering (AML) training for banks and fi
nancial institutions located in the Hong Kong Special Administrative Region. Foc
us on Anti Money Laundering for Hong Kong offers an overview of the AML laws and
regulations that are specific to financial institutions in this Eastern Asian c
ountry.
Money laundering in Hong Kong is a considerable problem due to the vulnerability
created by low taxes, a simplified tax system and a sophisticated banking syste
m. Therefore, the Monetary Authority in Hong Kong issued the Anti Money Launderi
ng Guidelines, which reflect the revised Financial Action Task Force’s Forty Rec
ommendations on Money Laundering. The guidelines are used by financial instituti
ons to monitor compliance through on-site inspections and other means. Hong Kong
law enforcement agencies also provide training and feedback on suspicious trans
action reporting.
Focus on Anti Money Laundering, from Edcomm Banker’s Academy, teaches bank emplo
yees about AML laws in their country and familiarizes them with their company’s
own policies and procedures. Through this interactive course, students learn eve
rything they need to know to detect and prevent money laundering. Focus on Anti
Money Laundering can be customized to meet the needs of every Bank, Credit Union
or Money Services Business (MSB). Each course is regularly updated to include c
hanging laws and policies. Recognizing that money laundering can occur anywhere
and everywhere, Edcomm Banker’s Academy is prepared to create a course for any c
ountry 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 progra
m in any language, for any country, log onto www.bankersacademy.com or call +1.2
12.631.9400.
The Edcomm Group Banker’s Academy is a 22-year-old multimedia education and comm
unication consulting firm specializing in the development of creative business s
olutions that improve productivity, customer service and market share - providin
g bottom-line results. The Edcomm Group Banker’s Academy has had the privilege o
f assisting many distinguished clients with business solutions in the form of eL
earning programs, classroom instruction, multimedia production and online and pr
int based documentation. Edcomm Banker s Academy offers many off-the-shelf and c
ustomized courses such as Teller Training, Compliance Training and Systems Train
ing specifically designed for Banks, Credit Unions and Money Services Businesses
(MSBs).
The Edcomm Group Banker s Academy (www.bankersacademy.com) is headquartered in N
ew 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