AML/CTF Training & Testing

The training component of the Money Laundering and Terrorist Financing Compliance Regime must be considered an on-going process, with new employee’s being trained as they start work and all employees being kept up to date with changes and amendments to the law, its regulations, and company practices.

ABCsolutions' On-Line Training & Testing Centre
MANY OPTIONS AVAILABLE

- Basic Training Course:

  • About money laundering
  • About terrorist financing
  • About the various players
  • Suspicious transaction scenarios
  • Sector-specific reporting
  • Sector-specific record keeping
  • Sector-specific client identification
  • Board training

- Customized Training Course:

Builds upon the basic training course, but is customized to meet the specific needs of your organization.


What Does that Mean?

  • Various levels to address specific employee roles and responsibilities
  • Specific Board Training
  • Incorporating internal policies and procedures
  • Emphasis on subject matter identified as critical or challenging for your employees (i.e., beneficial ownership, third-party identification, Politically-Exposed Foreign Persons)
  • Suspicious transaction scenarios specific to your company or sector
  • Inclusion of your specific process for documenting information and reporting
  • Enhanced training tools and much more
The most comprehensive AML/CTF training program available in Canada
Evaluate employees using content and criteria customized for your organization
Track employee results and identify problem areas
Generate and export detailed reports of employee testing results
Manage your entire AML/CTF compliance training regime to ensure you meet regulatory requirements
ABCsolutions' Credit Union Anti-Money Laundering & Counter Terrorist Financing Training Program

ABCsolutions' Credit Union Anti-Money Laundering & Counter Terrorist Financing Training Program is designed to assist credit union employees have a better understanding of the anti-money laundering/counter-terrorist financing (AML/CTF) risks, controls, and their responsibilities to meet the training requirements stipulated in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its supporting Regulations.

 

The training program consists of five role-specific courses.  Each course contains a number of specific modules, review sheets and various factsheets, and an associated testing component, targeting employees from the following areas:

 

  • Support Staff
  • Retail Banking
  • Commercial Banking
  • Compliance and Internal Audit Departments
  • Board of Directors and Senior Executives
  • Wealth Management
  • Life Insurance