London UK (PRWEB) December 1, 2008
Square Mile Productions Limited (http://www.squaremilevideos.com) has released through online streaming the latest production of Black Into White '09 which has been acclaimed as the most effective anti-money laundering (AML) training video currently available to the wholesale financial sector.
David Gordon, who was formerly Head of Compliance at Nomura International and Compliance Committee member at LIBA and is now Executive Director at http://www.squaremilevideos.com, said: "With the 3rd Anti-Money Laundering Directive now in force firms need to demonstrate the substance, take-up and effectiveness of their anti-money laundering training to the Financial Services Authority (FSA). http://www.squaremilevideos.com products substantially help firms to achieve this. We have aligned ourselves with leading investment banks in delivering this high quality documentary style training product that adds more value to our clients business than any other similar product."
The product comes in two sections - The first section is a 20 minute online video that is streamed directly to employees' desktops thereby reducing the downtime for traders. The video Black into White 09 was previously available in DVD format but has now been updated to reflect the current economic climate, SOCA and the requirements imposed by the Third EU Money Laundering Directive.
The second section consists of an online Q&A that the employees complete after viewing the film to assess whether they have understood the key lessons from the video training session. The results are then collated and sent directly to a nominated person in the compliance department to streamline the process of record keeping, a key regulatory requirement in compliance training.
This innovative approach means that business-critical employees such as traders can remain at their own desks or workspaces thus saving downtime and resources whilst complying with these important regulatory requirements.
Free demos and the full product are available online though streaming technology via http://www.squaremilevideos.com
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Further information contact: Peter Paduh, Managing Director, 0845 299 4077
http://www.squaremilevideos.com combines nearly 50 years of experience in the compliance, film production and corporate solutions industries, bringing financial organisations the best quality compliance training videos online. The team has helped many clients solve various business problems through innovative use of technology related solutions and have won awards such as The Good Director 2008 award from the IoD in the Education and Development category; Young Business Person of the Year 2005 award from ITV and London Chamber of Commerce; Mayoral Award from the Mayor of London for outstanding contribution to life in London and many others.