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PITCAIRN Emphasizes Importance of AML Compliance Training
In an effort to promote financial stability and prevent money laundering, PITCAIRN is highlighting the significance of anti-money laundering (AML) compliance training. The company’s AML program is designed to help companies comply with Treasury Department rules and regulations.
LIMRA AML Program
The LIMRA AML program is a widely-used industry solution that offers training in both English and Spanish. The program provides:
- Real-life industry scenarios
- Interactive content
- Reporting features
to ensure employee understanding and recognition of money laundering.
Target Audience
PITCAIRN’s AML program is designed for:
- Insurance and securities producers
- Home office employees
It provides a fast, easy, and inexpensive way for financial services companies to meet key requirements of U.S. Treasury Department rules.
Refresher Course
The company offers a new refresher course each year to keep anti-money laundering top of mind. The refresher course aims to teach learners how to:
- Recognize compromised identities
- Develop controls to protect customers and employees
- Identify high-risk activities and red flags that signal money laundering
- Understand the use of Suspicious Activity Reports (SARs)
AML Resource Library
PITCAIRN’s AML program also includes an AML Resource Library, available 24/7, to help learners review content when needed. The company provides customized company pages to help carriers meet regulatory requirements.
Pricing and Demo
For more information about PITCAIRN’s AML solution or to request a demo of the new LIMRA AML Training for Home Office Employees, please contact compliance@limra.com. Prices are scaled by volume and can be discussed with a representative.
Additional Resources
In addition to its AML program, PITCAIRN offers tools to help keep anti-money laundering top of mind, including:
- Posters on topics such as personally identifiable information (PII)
- Digital ads on topics such as being the best defense against money-laundering and taking money laundering seriously.