Callcredit Launches Online Anti-Money Laundering Training for Law Firms

Credit reference agency Callcredit, well-known by law firms for its electronic ID verification service CallML, has now developed an online training package that will ensure firms comply with the compulsory training requirements of the Money Laundering Regulations 2003.

The package, which is fully CPD accredited, includes a 45 minute interactive session covering the anti-money laundering legislation, regulation and how this affects legal firms.

Thanks to online delivery the sessions are accessible 24 / 7, which means firms have the flexibility to arrange training inside or outside office hours. A powerful audit function ensures all training is tracked and certificates are awarded on completion.

Martin Cheek, Callcredit's head of sales for identification and verification solutions, said:

"The money laundering regulations apply to virtually all law firms and the Law Society recommends that all staff are properly trained.

With Callcredit's online package firms can be confident they are complying with the training requirements of AML regulations in the most cost and time effective manner possible."

Callcredit's CallLML is already helping many law firms comply with the client ID verification requirements of AML regulations and Callcredit has welcomed the news that the benefits of electronic ID verification have been publicly recognised by the Law Society.

Martin Cheek explained:

"The Law Society has recently published its feedback on guidance for the financial sector contained in the new regulations, which it has submitted to the Joint Money Laundering Steering Group. The 24-page report contains several references to the value of electronic ID checks, used either on their own or in tandem with other checks.

This is a significant boost for CallML, an online solution that is helping many law firms and a host of other blue-chip companies to verify the identify of existing clients and new prospects swiftly and with confidence"

For more information about online AML training or CallML contact the Know Your Customer team at Callcredit on 0113 244 1555 or email kyc@callcredit.plc.uk