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Intuition Leads An Offensive to Counteract Global Money Laundering
E-learning leader launches online Anti-Money Laundering training to combat illegal financial activities worldwide
E-learning leader launches online Anti-Money Laundering training to combat illegal financial activities worldwide
New York - Intuition, www.intuition.com, an international e-learning solution provider and specialist in online financial training releases Intuition AML, a first-of-its-kind, global online education course specifically designed to train professionals to identify money laundering practices. In the wake of recent discoveries linking terrorist funding to money laundering practices, banks and financial organizations worldwide are under increased pressure from regulatory authorities and governments to take action and shore up their anti-money laundering operations. The Financial Action Task Force (FATF), an inter-governmental body that develops policies to combat money laundering, released recommendations for financial institutions to "at a minimum...introduce an ongoing employee training program."
Intuition AML provides the financial world with an online training solution that can be implemented immediately at every desktop, across any organization to deal with this current crisis. According to David Harrison, Intuition's Chief Executive, firms that do not adopt verifiable anti-money laundering training and policies can face a real business risk.
| | - the past, companies merely had to provide proof of training and access to anti-money laundering education. Many regulators now require relevant firms to go beyond that and show proof of competency as well," says Mr. Harrison. "We can offer businesses a real, viable and cost-effective solution to this problem. Intuition AML has the most up-to-date content, advanced testing, tracking and reporting to show that employees have not only studied anti-money laundering education, but comprehend it. That's the key to combating these illegal practices."
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Intuition's AML is specifically designed to meet the best practice requirements of the major regulatory authorities. It covers anti-money laundering legislation, FATF recommendations and provides insights into the extent and nature of international cooperation. The consequences of non-compliance are dealt with, as are US, UK and EU directives. Case studies and practical examples train users to identify suspicious activities. Tutorial testing and the exam zone ensure user comprehension. The sophisticated tracking and reporting system enables firms to monitor their anti-money laundering readiness and retain records for auditing and compliance checks. Firms can include their own internal anti-money laundering policies and procedures to this e-learning product or map AML training and external policies to their business operations. Intuition's Custom Solutions Division provides a full-service offering consultancy and technical support from content development to delivery and implementation.
CONTACT: Intuition
Aine McDonagh, Intuition +353 1 605 4300
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