23 August 2017
Find out more

BBA offers online money laundering prevention training

30 August 2001  |  2645 views  |  0 BBA offers online money laundering prevention training

The British Bankers Association (BBA) is introducing a new e-learning programme which will provide online training in money laundering prevention to the financial services industry.

The new training package, available over the Internet from October, is the result of a joint venture between the BBA and online financial training provider Absolutely Training Ltd (ATL).

The package has been designed to provide training for all levels of staff working in the financial services industry, including banking, legal, insurance and accountancy sectors, through three targeted modules. The programme will be supported by a formal examination and accreditation process.

Paul Fegan, managing director of Absolutely Training, says: "The training is designed to include a large amount of interactive content, which increases an employee's retention rate and results in more effective training."

Testing occurs during and at the end of the course with results recorded centrally, giving a firm an audit trail that they have met their obligation to provide training in this area, he says.

Ian Mullen, chief executive of the BBA comments: "London is one of the largest financial centres in the world, handling billions of pounds worth of transactions every day...it is essential that every member of staff within all financial institutions is alerted to the possibility of money laundering activities."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

British Bankers Association tracks direct banking services

British Bankers Association tracks direct banking services

29 August 2001  |  2272 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
15226 views comments | 39 tweets | 74 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13050 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11695 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10890 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10786 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job