AML TRAINING
AML
training:
One size
does not
fit all
T
he general, fairly straightforward
rules requiring anti-money laundering (AML) training for financial
institutions around the world usually boil
down to the following six-word mandate:
Provide ongoing training for appropriate
employees. With such a simple requirement, why does the topic of AML training
come up so frequently in AML enforcement actions, conferences and publications, and why has an entire industry
sprung up to provide focused AML training to financial institutions?
Perhaps the biggest source of confusion is
the simplicity of the mandate. It applies to
a whole host of financial institutions without