This Flag the Money series is designed for bank, trust and credit union employees who need to identify and report financial activity that may be related to money laundering or terrorist financing.
Flag the Money 2 is AML training for financial institutions that builds on the initial training by exploring three case studies based on real reports of suspicious transactions identified by employees. It includes a review of key concepts as well as a deeper consideration of selected topics.
Flag the Money 3 is AML training for financial institutions that shows how money laundering and terrorist financing are part of the wider field of financial crime. Participants see how AML compliance can uncover unexpected illegal activities and criminal connections.
Carl’s Story takes students inside the world of a criminal entrepreneur and his team of money launderers. It gives an overview of how money laundering works in many types of industries or businesses and illustrates the important role of frontline employees in identifying and reporting suspicious transactions that might be related to criminal activity.
Ben’s Web shows us a financial genius whose public persona as a philanthropic business consultant disguises his real function as a professional money launderer for a crime syndicate, he calls “the organization.” Ben and his partner, Fiona, use a complex web of shell companies and real estate holdings to obscure the origins of the vast sums they control. However, when their account manager Hazel begins to report irregularities in their personal accounts, the added scrutiny by police finds them in danger of being caught in their own web of deceit.
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Sandra’s Story features a compliance officer who uncovers a plot involving a politician who accepts bribes, and her husband’s attempts to launder the money through his restaurant business accounts. Employees from various departments identify unusual transactions that expose a money laundering scheme fueled by political bribery and corruption.
Each Flag the Money exam question draws on the participant’s understanding of one of the key topics from the course. If someone fails to pass on their first attempt, they can then take it again, and the answer choices will be in a different order. Compliance officers can be confident that employees who pass have a foundational level of understanding of the main topics.
The user-friendly administrator’s dashboard lets you add new learners, purchase training credits and assign courses. Reporting features allow your compliance team to easily track student progress from commencement to completion. Built-in reports can be quickly produced and downloaded for audit purposes.
Do you need to customize your AML training with your company logo, policies, procedures, and references to in-house practices? Do you need multiple languages or compliance with other jurisdictions outside of the USA or Canada? No problem!
Whether you’re looking to increase employee compliance reporting, improve overall employee value or meet compliance regulation requirements, our training can help you get there.
We’ll be glad to work with your compliance team to produce a customized version of Flag the Money™ that fits your needs and your budget. Tamlo’s staff is here to provide timely support for you and your organization throughout the training cycle.
Contact us to discuss your customization needs.
