Quest CE Offers New Anti-Money Laundering and Red Flags Course
on: December 23, 2008, 2:30 pm
Release Author: Alex Krenke
Release Summary: Quest CE offers a solution to new Red Flag Rules
and Anti-Money Laundering Training.
Release Body: Milwaukee, WI December 23, 2008 -- Quest
CE announced today the release of their new 2009 Anti-Money
Laundering and Red Flags online course designed to meet USA Patriot
Act requirements. To demo the new course go to http://www.questce.com/AML-Course-Demo/Presentation_Files/index.html
USA PATRIOT Act requires financial institutions to develop and
implement an AML compliance program.
Rule 3011 outlines minimum standards for broker-dealers' AML compliance
programs. It requires firms to develop and implement a written
AML compliance program. The program has to be approved in writing
by a member of senior management and be reasonably designed to
achieve and monitor the ongoing compliance with the requirements
of the Bank Secrecy Act.
Rule 3011 also requires firms to provide ongoing training for
appropriate personnel. This would include training for all representatives
engaged in the business of providing financial advice, the sale
of financial products or services, or deal in any way with the
transfer of financial interests.
CE offers a complete Anti-Money Laundering (AML) solution
for organizations of all sizes. Quest’s Anti-Money Laundering
(AML) program offers advanced capabilities that other vendors
do not offer. In coordination with industry experts, Quest CE’s
team of IT and database professionals created a Learning Management
System (LMS) to fit the AML reporting, tracking, and training
needs of Quest’s clients.
system allows AML program administrators the ability to run real-time
reports, upload new users instantly, and send reminder emails
to users who haven’t yet completed their training,”
said Patrick Torhorst, Vice President of IT for Quest
addition to offering this advanced technology in a fully customizable
web portal, Quest CE is offering the industry’s lowest available
pricing to companies interested in utilizing Quest’s AML
program. For as little as $2 per user, firms can have a web portal
built to look like their own AML eUniversity complete with full
reporting and tracking capabilities, and including Quest CE’s
robust library of Anti-Money Laundering (AML) courses.
CE can also author any firm’s proprietary courses
to meet specific training needs.
the past 20-plus years, Quest CE has built a reputation of being
the premier provider of Compliance Solutions to the financial
services industry. In addition to offering CE for professionals
holding insurance licenses and professional designations like
the CFP, CIMA, CLU/ChFC, and CPA designations, we also provide
a complete spectrum of financial compliance training solutions.
Details: 10850 W Park Place
Milwaukee, WI 53224