New York Branch of Canadian Full Service Bank Chooses Banker’s Academy to Provide OFAC Training

A New York Branch of a Canadian Full Service Bank recently chose The Edcomm Group Banker’s Academy to provide training on OFAC.

[USPRwire, Wed Nov 25 2009] A New York Branch of a Canadian Full Service Bank recently chose The Edcomm Group Banker’s Academy to provide training on the Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury. Focus on OFAC will help the Full Service Bank establish and maintain an effective, written OFAC to ensure compliance.

The federal banking agencies evaluate OFAC compliance systems to ensure that all banks subject to their supervision comply with designated sanctions. Therefore, banks need to train their staff to become familiar with all aspects of OFAC, including what it is responsible for administering and controlling and OFAC laws, which impose economic sanctions against hostile targets to further U.S. foreign policy and national security objectives.

Focus on OFAC, from The Edcomm Group Banker’s Academy, is a computer-based, distance learning program that teaches employees at a Bank, Credit Union or Money Services Business (MSB) everything they need to know about OFAC in an interactive and self-paced format. The program covers: OFAC restrictions, blocked transactions, prohibited transactions and OFAC licenses, investigations, and penalties. Focus on OFAC also teaches participants how to help develop an OFAC program and become familiar with internal controls, how to identify and review suspect transactions, OFAC screen criteria, reporting, and much more.

For more information about programs like this, or to find out how The Edcomm Group Banker’s Academy can customize any training program, 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 world.

Contact:
Dr. Linda Eagle
Edcomm Banker’s Academy
21 Penn Plaza Suite 1010
New York, NY 10001, USA
Tel: +212.631.9400
Fax: 212.631.0659
linda.eagle@edcomm.com
http://www.bankersacademy.com