Walkers Professional Services ("WPS") has announced that it has launched an innovative e-Learning Anti-Money Laundering Training platform in Bermuda, further adding to the client focused services that WPS offers through digital means.
The Bermuda Monetary Authority ("BMA") requires regulated financial institutions to undertake Anti-Money Laundering ("AML") and Anti-Terrorist Financing training at least annually. Compliance with this requirement is assessed during a BMA onsite inspection and an annual AML audit.
The online platform enables users to access training on the AML regime through a sophisticated e-Learning module, which is regularly updated to ensure any changes to the AML regime are captured. For ease of use, the training is accessible via desktop or mobile device.
Speaking to the new product offering, Michael Wynne, Senior Vice President of WPS shared: "We are delighted to be able to offer this technology to the Bermuda market. Now more than ever, there is strong demand in the industry for a dynamic online training tool that allows users to access materials on demand. Users can move at their own pace as the training is self-administered, allowing them to fully grasp each concept and consider application of AML requirements in real-time."
WPS' ongoing investment in technology and process driven applications ensures that clients benefit from Walkers' extensive risk, regulatory and compliance expertise. The e-Learning AML Training platform is designed and administered by International Compliance Association designated compliance professionals and is fully compliant with applicable regulations and BMA guidance.