NCJ Number
198639
Date Published
January 2003
Length
23 pages
Annotation
This document is designed to facilitate the training of financial services workers in the laws, risks, and regulations of counter-money laundering.
Abstract
Internationally, governments are instituting requirements for the financial business industry to adopt measures designed to detect and prevent both money laundering and the funding of terrorist groups. As such, it is imperative that these businesses train their employees in how the laws and regulations operate and how they pertain to enterprises and individuals. This document presents options for meeting these training objectives. One of the overriding messages of this document is that e-learning may be one of the most appropriate ways to train financial industry employees. Other options for money-laundering detection and prevention training include face-to-face training, video training, and audio training. This document presents the advantages and disadvantages of each medium of training and then looks specifically at computer based training, often referred to as e-learning. In addition to offering the advantages and disadvantages of e-learning, this document details what a good e-learning package encompasses. For example, a good e-learning package must be easy to use, require no maintenance, and should deliver information in a clear and precise manner. Finally, the Quicktolearnmore e-learning package is touted as a good resource as it meets all the advantages of e-learning while reducing the disadvantages.