What We Are Doing And Why
Financial crime is an ever-evolving and challenging area for firms, therefore we have decided to rewrite and redesign our Anti-money Laundering (AML) content, enhancing the experience for the learner when undertaking this important aspect of regulatory compliance training.
Counter-Terrorist Financing
We are also increasing our coverage of the ongoing battle that regulated firms face in Countering Terrorist Financing (CTF). There are similarities that parallel AML – such as being subject to similar preventative measures around Customer Due Diligence (CDD) / Enhanced Due Diligence (EDD) and the reporting of suspicions. The two are often mentioned together in the industry and regulation.
A Consolidated Approach
In our current Governance, Risk and Compliance (GRC) library there are a number of AML courses split by crown overseas jurisdictions and regulated industry sector. These will be merged into one AML and CTF course and through the use of branching techniques the learner can select the jurisdiction most relevant to them at certain points in the course, for example where legislation and regulatory guidance differs.
Case Studies
The course uses the best principles of engagement to deliver practical, role-relevant learning and interactive case studies, making this learning that sticks.
The new course will be available in the GRC library in July 2019. Contact your Customer Success Manager for more details.
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We Are Archiving The Legacy "Money Laundering And How You Can Prevent It Titles" On 2nd August 2019 – Here Is What You Need To Know:
In our legacy suite we have five titles:
- Money laundering and how you can prevent it
- Money laundering and how you can prevent it (Gibraltar)
- Money laundering and how you can prevent it (Guernsey)
- Money laundering and how you can prevent it (Jersey)
- Money laundering and how you can prevent it (UAE)
Each of these titles has up to six activities within the pathway depending on jurisdiction:
- A routine walk to work
- 2019 Guernsey AML regulatory updates
- What is money laundering?
- Consequences and obligations
- How you can fight money laundering
- Money laundering and how you can prevent it - Case studies
- Money laundering and how you can prevent it - Assessment
As this legacy content is being archived they will no longer be supported, updated or maintained. Where users have been registered to the legacy content these will remain in users‘ ‘My Activities’ even after archiving. Users will either need to complete them or administrators will need to cancel the registration.
The legacy content will also remain in existing pathways, for example, those created and used for induction, until they are removed.
You may also want to then add the new content to those pathways.
Where learners have already completed these courses, the CPD achieved will remain.
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