Edcomm Banker’S Academy Introduces Anti Money Laundering (AML) Free Training For Portugal

From: Edcomm Banker’s Academy
Published: Mon Apr 06 2009

A free tutorial that provides Anti Money Laundering (AML) training for banks and financial institutions located in Portugal is now available from Edcomm Banker’s Academy. Focus on Anti Money Laundering for Portugal offers an overview of the AML laws and regulations that are specific to financial institutions in this Southwestern European country.

Portugal has a comprehensive AML regime that criminalizes the laundering of proceeds of serious offenses, including terrorism, arms trafficking, kidnapping and corruption. Financial and non-financial institutions have a mandatory requirement of reporting all suspicious transactions to the Public Prosecutor regardless of threshold amount. All financial institutions, including insurance companies, must identify their customers, maintain records for a minimum of ten years and demand written proof from customers regarding the origin and beneficiary of transactions that exceed 12,500 Euros. Non-financial institutions, such as casinos, property dealers, lotteries and dealers in high-value assets, must also identify customers engaging in large transactions, maintain records and report suspicious activities to the Office of the Public Prosecutor.

Focus on Anti Money Laundering, from Edcomm Banker’s Academy, teaches bank employees about AML laws in their country and familiarizes them with their company’s own policies and procedures. Through this interactive course, students learn everything they need to know to detect and prevent money laundering. Focus on Anti Money Laundering 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 occur anywhere and everywhere, Edcomm Banker’s Academy is prepared to create a course 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 22-year-old multimedia education and communication consulting firm specializing in the development of creative business solutions that improve productivity, customer service and market share - providing bottom-line results. The Edcomm Group Banker’s Academy has had the privilege of assisting many distinguished clients with business solutions in the form of eLearning programs, classroom instruction, multimedia production and online and print based documentation. Edcomm Banker's Academy offers many off-the-shelf and customized courses such as Teller Training, Compliance Training and Systems Training specifically designed for Banks, Credit Unions and Money Services Businesses (MSBs).

The Edcomm Group Banker's Academy (www.bankersacademy.com) is headquartered in New York City with locations and representation throughout the word.

Contact :
Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001
Company: Edcomm Banker’s Academy
Contact Name: Linda Eagle
Contact Email: linda.eagle@edcomm.com
Contact Phone: +212.631.9400

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