Client Challenge

The bank decided to purchase computer based AML training for its employees but realized the standard content was not meaningful to the users and would not improve AML knowledge and compliance throughout the institution.

The Dominion Solution

Dominion re-wrote the curriculum for each of the AML training modules including those used by the retail, commercial, and securities units. The curriculum included sessions describing methods of money laundering and terrorist financing specific to each of the bank’s business units and the products they offered. Training was customized so that it included specific requirements of the bank’s own policies and procedures for account opening, referral of suspicious activity, and monitoring of high risk accounts.