Edcomm Banker’s Academy Updates South Africa Anti Money Laundering (AML) Training

Program
Edcomm Banker’s Academy has recently updated its South Africa Anti Money Launderin
g (AML) training program.
New York, NY, January 05, 2011 -- Edcomm Banker’s Academy has recently updated its
South Africa Anti Money Laundering (AML) training program. Focus on AML for Sou
th Africa has been revised as part of Edcomm Banker’s Academy’s ongoing commitment t
o providing the most up-to-date and pertinent financial services information to
the global financial industry.
The South African Government (SAG) estimates that $2-8 billion is laundered each
year through South African financial institutions. The Proceeds of Crime Act (N
o. 76 of 1996) criminalizes money laundering for all serious crimes. This Act wa
s supplemented by the Prevention of Organized Crime Act (No. 121 of 1998), which
confirms the criminal character of money laundering, mandates the reporting of
suspicious transactions, and provides a "safe harbor" for good faith compliance.
Violation of this act carries a fine of up to 100 million Rand or imprisonment
for up to 30 years.
Focus on AML for the South Africa, from Edcomm Banker’s Academy, teaches bank empl
oyees about AML laws in South Africa and familiarizes them with their company’s ow
n policies and procedures. Through this interactive course, students learn every
thing they need to know to detect and prevent money laundering in South Africa.
Focus on AML for South Africa can be customized to meet the needs of every Bank,
Credit Union or Money Services Business (MSB). Each course is regularly updated
to include changing laws and policies. Recognizing that money laundering can oc
cur anywhere and everywhere, Edcomm Banker’s Academy is prepared to create a cours
e for any country in need.
For more information about multilingual, multicultural training programs, or to
find out how The Edcomm Group Banker’s Academy can customize any training program
in any language, for any country, log onto www.bankersacademy.com or call +1.212
.631.9400.
The Edcomm Group Banker’s Academy is a 23-year-old multimedia education and commun
ication consulting firm specializing in the development of creative business sol
utions that improve productivity, customer service and market share - providing
bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of as
sisting many distinguished clients with business solutions in the form of eLearn
ing programs, online bank training and classroom instruction, multimedia product
ion and online and print based documentation. Edcomm Banker s Academy offers man
y off-the-shelf and customized courses such as Teller Training, Compliance Train
ing and Systems Training specifically designed for Banks, Credit Unions and Mone
y Services Businesses (MSBs).
The Edcomm Group Banker s Academy (www.bankersacademy.com) is headquartered in N
ew York City with locations and representation throughout the world.
Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza, Suite 1010
New York, NY 10001, USA
Tel:+212.631.9400
Fax: 212.631.0659
linda.eagle@edcomm.com
http://www.bankersacademy.com