Learning Management
The financial crisis of 2008 has led European Union to adopt further rules to increase awareness in the banks and financial institutions for their products and services and over the Anti Money Laundering and Counter-Terrorism Financing rules, in order to protect more efficiently the investors.
Continuous staff training and new employee training is essential in order for the institutions to be compliant with the applicable legal framework, like MiFID II , and to reaffirm the adequate knowledge of the staff.
MiFID II requires more than basic knowledge and competence of the staff. It requires that the staff understands specific notions and issues as they are listed in the Directive and ESMA Guidelines.
Internal training
Powerful Trainings give specific examples
Frequency standards, regular updates, maintaining the employees informed of regulatory updates and internal policies and procedures revisions.
Employees shall understand how their institution, organisation or profession is vulnerable to be abused by criminals laundering the proceeds of crime or by terrorists financing their activities. Training should include examples of how your specific type of organisation could be used to clean illicit funds or fund terrorist activity.
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We'll present you the technology to stop money laundering and terrorist financing
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Return to central compliance
In February 2019, another criminal group was arrested in Europe, for laundering money through hawala transactions. Based on the Europol press release, the cooperation between French and Italian police led to the arrest of 19 suspects. Algerian authorities also seized g...
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