Union Bank of California Chooses The Edcomm Group To Deploy Anti-Money Laundering (AML) Training
Union Bank of California has selected The Edcomm Group to create a custom compliance module, focusing on the Anti-Money Laundering Act of 1996, for the bankÂ’s International wing. The new program will add onto Focus on Compliance, an Edcomm program already established at Union Bank of California.
(PRWEB) January 15, 2005
Union Bank of California has selected The Edcomm Group to create a custom compliance module, focusing on the Anti-Money Laundering Act of 1996, for the bankÂ’s International wing. The new program will add onto Focus on Compliance, an Edcomm program already established at Union Bank of California.
More than 170 crimes are listed in the United States’ federal money laundering statutes. “Financial institutions must educate their employees and have systems and procedures in place to distinguish normal transactions from suspicious activity, and that is where Edcomm comes into play,” said Dr. Linda Eagle, President of The Edcomm Group.
EdcommÂ’s compliance course, Focus on Compliance, provides education and motivation for the entire bank. It educates employees about banking regulations, provides reference tools, assists with documentation of compliance training efforts, reduces risk, and most importantly impresses the examiners. The program is computer-based, self-paced, and distance learning. It can be delivered via Internet, Intranet, or CD ROM.
The fourth largest commercial bank in California, Union Bank of California is one of the 35 largest banks in the U. S., with assets of over 46 billion, 298 branches and 21 international offices. Founded in 1864, the bank offers investment and financial management, trust services, private banking, insurance services and global custody services.
The Edcomm Group has had the privilege of assisting many distinguished clients with business solutions in the form of classroom instruction, print publication, video production, online documentation, interactive web systems and multimedia programs. In addition to the development of customized programs, The Edcomm Group offers many industry specific off-the-shelf products that have proven themselves effective in organizations around the world.
The Edcomm Group is an 18-year-old multimedia education and communication product and 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 (www. edcomm. com) (www. bankersacademy. com) is headquartered in New York City with an Advanced Design Center located in Fort Washington, Pennsylvania.
For more information, please contact:
Linda Eagle
President, The Edcomm Group
1-888-4EDCOMM
Linda. eagle@edcomm. com
Lauren Tosti
Public Relations, The Edcomm Group
1-888-4EDCOMM
Lauren. tosti@edcomm. com
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