As criminals and fraudsters become more sophisticated, they increasingly use banks and financial institutions to launder and hide large amounts of money secured through illegal means. As this occurs, stricter regulations and laws are passed to make individual financial professionals and banks more responsible for checking for money laundering and other illegal financial activities.
Anti-Money Laundering (AML) compliance training from Lorman Education Services empowers you and your team with the ongoing training and educational resources you need to stay compliant with current AML rules and laws. With strong international regulatory intelligence and a team of educational content professionals always developing new training materials, Lorman Education Services is able to produce the latest array of educational and training materials to help you stay compliance with AML rules while protecting your career or financial institution.
Why Do You Need AML Compliance Training?
In today’s regulatory environment, lack of compliance with AML rules can result in millions or billions of dollars in fines. Proper training can ensure banks stay compliant so these costly and time-consuming violations are less likely to occur.
Compliance can also protect a bank’s reputation. When a financial institution is accused of allowing money laundering to take place or is accused of breaking the law, media reports can be deeply damaging to the brand and to the bank itself. Every bank wants to show its dedication to its clients and to the larger community — and strong AML compliance is one way to do so.
AML compliance training can also help banks:
- Defend themselves if money laundering accusations arise
- Build strong and defensible anti-money laundering policies
- Show dedication to stopping crime before it happens
- Differentiate between legitimate clients requiring support and illegal activity
- Stay compliant with ever-changing state, federal and SEC rules
- Train all relevant employees to spot and stop money laundering
- Understand what to do when illegal activity is detected
AML Compliance Training Resources
Personalized Anti-Money Laundering Compliance Training From Lorman Education Services
Lorman Education Services has already helped more than 1.4 million professionals across the country with personalized and robust training offerings. With new resources released every day, you can choose from MP3 recordings, live instruction, online training, OnDemand materials, white papers, articles, executive reports and more. You can access your training materials from your phone, computer or mobile device, allowing you to study on the go. You get to choose the training materials most effective for you and you can study on your own time, ensuring your training enhances rather than interferes with your professional activities.
The Lorman Education Services All-Access Pass makes training even simpler. For one budget-friendly price, you get a full year of access to all the training materials Lorman Education Services offers — including materials not yet released. Unlimited access means you can listen to as many online training programs and educational experiences as you like, allowing you to stay competitive.
If you’d like to learn more about the All-Access Pass or if you’d like to speak to someone about in-person and customized training for your whole team, Lorman Education Services is always standing by to help.