UK Company Launches First Global Video Streaming Service for Compliance Training

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London UK - A UK based compliance training company Square Mile Videos (http://www.squaremilevideos.com) has launched a new Anti-Money Laundering compliance video streaming service for its corporate financial services clients in a global first.

Video streaming provides an easy and cost effective way to deliver training to large numbers of staff located in different offices across the globe and at the same time allows firms to monitor usage and training effectiveness.

A UK based compliance training company Square Mile Videos (http://www.squaremilevideos.com) has launched a new Anti-Money Laundering compliance video streaming service for its corporate financial services clients in a global first.

Peter Paduh, Managing Director, said: "With the 3rd EU 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)."

"Video streaming provides an easy and cost effective way to deliver training to large numbers of staff located in different offices across the globe and at the same time allows firms to monitor usage and training effectiveness."

During the trial phase, Square Mile Videos consulted and worked with a number of leading investment banks including Calyon, JP Morgan and Commerzbank in order to provide the best possible solution to the industry.

Square Mile Videos offers both introductory and refresher level training in Anti-Money Laundering. The introductory video Dirty Money establishes the links between terrorists and money launderers and explains how employees' failure to detect and report suspected money launderers can lead to serious consequences for themselves and others.

Refresher video Black into White 2009 is filmed in the style of a BBC Panorama documentary about a fictitious British investment bank and lays bare the chain of events which led to the imprisonment of eight people for their involvement in a multimillion pound Eastern European money-laundering operation in Britain.

Free demos and the full product are available online though streaming technology via http://www.squaremilevideos.com

Notes for editors:
Further information contact: Esther Zheng, Projects Director, 0845 299 4077

http://www.squaremilevideos.com offer Anti-Money Laundering and Compliance training videos to the financial sector and combines nearly 50 years of experience in the compliance 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.

Black into White 2009
Refresher Anti Money Laundering Training Video

Filmed in the style of a BBC Panorama documentary about a fictitious British investment bank, Winsleau International, Black into White 2009 lays bare the chain of events which led to the imprisonment of eight people for their involvement in a multimillion pound Eastern European money-laundering operation in Britain.

Through realistic interviews with former employees of Winsleau International, Black into White 2009 aims to uncover how this was allowed to happen, why no-one at the bank reported anything suspicious and ultimately where the responsibility lay.

Features:

  •     Interviews with front and back office investment banking staff
  •     Additional 'Reporting your suspicions and Due Diligence' training section
  •     Online Test for employees after watching video
  •     Results of tests emailed to designated contact

Updated version features:

  •     SOCA
  •     Third EU Money Laundering Directive
  •     Current financial climate

Characters interviewed:

  •     Relationship manager
  •     Head of Settlements
  •     Equity Salesman
  •     Fixed Income Trader
  •     CEO

Dirty Money
An introductory Money Laundering Training Video

At 08:50 on the 7th of July 2005, three bombs exploded within fifty seconds of each other on three London Underground trains. A fourth bomb exploded on a bus nearly an hour later at 09:47 in Tavistock Square. The bombings killed 56 people including the four suicide bombers and injured 700. Could this have been prevented?

Dirty Money establishes the links between terrorists and money launderers and explains how employees' failure to detect and report suspected money launderers can lead to serious consequences for themselves and others.

The film also covers Anti Money Laundering Regulations and employees' responsibilities.

Features:

  •     Three sections: Client Due Diligence, Ongoing Checks and The Law
  •     Animated sections detailing what employees responsibilities are
  •     Three Case studies involving front and back office investment banking staff

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Esther Zheng
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