Anti Money Laundering Training Program

The adequacy of AML Training ensures that all appropriate staff understands their responsibility for compliance? An Auditors interview with key AML personnel will reveal whether they have been properly trained if they understand the compliance program requirements and if they understand their responsibilities. The AML Regulations demand that staff are trained in the regulations as well as the organization's Policies, Procedures, and Processes. Caution: It's not about adding a couple of slides to the Compliance meeting and calling it AML Training. Your staff is the first line of defense in spotting suspicious transactions. It's recommended to conduct at least 3 AML Training Programs per year.