QuickToLearnMore is unique. Designed specifically for counter-money laundering training, by specialist practitioners, it exceeds all regulatory requirements yet is extremely simple to use for both QuickTrainees and QuickAdministrators.
QuickTrainees start at a foundation level, and move up to intermediate. In this way, your staff, from the most junior to the most senior, all understand the basics and much more.
Regulatory specifications for your Anti Money Laundering Training require you to fulfil the following criteria
1. Must be continuous (many regulators use the term "on-going"). This means that training as to law is not sufficient: there must also be "awareness" training i.e. reminding staff to be alert to risk of money laundering.
Quick To Learn More meets this requirement with a mix of e-mails, additions to reading materials and updates to the training content. And it meets the requirement for annual training by always being up to date, and keeps the interest of QuickTrainees alive with case studies and stories drawn from World Money Laundering Report Online, part of www.bankinginsurancesecurities.com
2. Must have evidence that training has been completed
Quick To Learn More meets this requirement with a list of your employees, shows their progress through each module (colour coded for easy identification) so you can produce an enterprise-wide progress report, or produce individual results per user.
3. Must include money laundering risk related to the responsibilities of the staff member.
Quick To Learn More meets this requirement by its carefully structured learning system. In short, the first module handles everything your staff need to know about what money laundering is, why criminals do it, why governments try to combat it and why your organisation has to put in place measures to detect and deter money laundering and to comply not just with regulatory burdens but also the general criminal law. And it explains that it's not just people that work in the financial sector, but everyone that has an obligation not to be a money launderer. And it makes similar points in relation to terrorist financing and - because it's relevant - the financing of crimes other than terrorism. That's the foundation level. But part one goes further, explaining that it's not the job title nor even the level of seniority that defines the risks that individuals can identify - and face. Finally, reaching an intermediate stage, your staff learn some legal principles that show them why they must not neglect their obligations.
In the third module, job activities and functions (note, not job titles) are shown with examples of how they may be the point through which money launderers try to enter the system, or where they are in possession of information that would enable them to comply.
4. Training material must be up-to-date
Quick to learn more meets this requirement by its close association with both consulting teams and our publications divisions. As law, regulation and guidance changes, your training material is soon updated.
QuickToLearnMore is a hosted system. Our servers are in the UK and we comply with all UK data protection law. We manage and administer the platform and the content: you manage and administer your staff.