The Examiners Are Coming. Are You Ready?
Endorsed by the National Money
Transmitters Association
Recent updates to the BSA/AML laws now require that MSBs comply. Consequences of non-compliance include severing of relationships by associated financial institutions and criminal and civil penalties.
The #1 reason cited for lowered compliance ratings by the Examiners is lack of adequate compliance training for appropriate personnel. The #2 reason cited is outdated or inaccessible policies and procedures.
Three Key Questions:
- Are your employees and agents performing their jobs in compliance with the BSA/AML/OFAC Laws and regulations for your country?
- Have you minimized your risk?
- Can you demonstrate thorough training, testing and tracking to the Examiners?
With Focus on BSA & AML for MSBs, the answers are Yes, Yes and Yes.
For a full demonstration of Focus on BSA & AML for Money Services Businesses contact one of our qualified representatives by clicking here. Or call, toll free, 888-433-2666.
Comprehensive and Customized.
Focus on BSA & AML for MSBs addresses every aspect of the laws and regulations your organization needs—guaranteed! If the law or regulation changes in any way, or if you have a specific need not currently covered, we will update your program at no charge.
Focus on BSA & AML for MSBs may be customized for your organization, including your policies and procedures, or it may simply be branded with your logo.
To learn more about course customization click here. Or call, toll free, 888-433-2666.
Reaching Remote Agents.
Focus on BSA & AML for MSBs can be deployed as eLearning via the internet, intranet or CD-ROM, and as paper-based training. In addition, testing can be performed over-the-phone through an IVR system.
Remote agents can also easily register online or over-the-phone, and you can communicate and document receipt of policies and procedures changes using a Web Portal.
Testing, Tracking, Reports And Certification.
Administration and recordkeeping is easy through Learning Link®, Edcomm’s own Learning Management System (LMS), or through any third-party LMS. When the Examiners ask, you can provide testing, tracking, reports and certification for each employee.
"With the new mandatory compliance requirements of BSA/AML for MSBs, we needed to quickly train all of our employees and agents. We had an exam looming, but Banker’s Academy’s program was customized with our policies and procedures and rolled out to our employees and agents within weeks, impressing our Examiners.."
J. F.
Compliance
MSB name withheld.
