Money Service Business

Program Description

The Centre for Financial Services has taken a leadership role in the design and development of programs for anti-money laundering (AML) practitioners. A key part of this strategy is the development of the professional development program Money Service Business – a series of training modules that ensure employees responsible for AML programs understand all aspects of the mandated legislative requirements.

Money Service Business is the first comprehensive online training program developed by AML experts for the industry which concentrates on regulatory requirements in both Canada and the U.S. The program is recognized by the Association of Certified Anti-Money Laundering Specialists (ACAMS).  Subject contents are kept current through consultation with an advisory committee of sector experts. Participants will be trained in:

1. Effective anti-money laundering compliance;
2. Effective on-boarding procedures;
3. Best practices for designing Risk-Based Review;
4. Red flags for money laundering;
5. Understanding privacy issues;
6. Accountability for their role in anti-money laundering.

Program Delivery:  E-LEARNING

Money Service Business uses an electronic learning platform to deliver a series of modules to clients. Participants can access the modules from any location that has an electronic station. Individual modules and learning experiences therein can be accessed at the time and mode that best meets the participants’ schedules.

Upon successful completion, studnets may earn up to 12 CE credits, provided by the Association of Certified Anti-Money Laundering Specialists. (ACAMS).

Tuition Costs:  $500.00 CDN/U.S. (plus applicable taxes)