Training
Our Services to Members
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Conferences
An important part of the UKMTA's activity is the organisation of conferences.
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Other Meetings
In months when the UKMTA does not have conferences, we offer regional and/or issue specific meetings.
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Anti Money Laundering Training (on line)
The Association has developed an on line training module to meet the needs of money transfer companies.
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Compliance Policies
In light of the changes in the regulatory environment, not least new FSA regulation of payment institutions, the Association recommends that all companies should have a written compliance manual which summarises the key policies of the company.
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Assistance with the UK Payment Services Regulations
The Payment Services Directive (PSD) and the UK Payment Services Regulations (PSR) came into effect in UK and EU law on 1st November 2009.
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Other Services
Information updates. Treating Customers Fairly, .Representation to law-makers, European Payments Institution Federation.
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Online Anti Money Laundering/Counter Terrorist Finance Training module
The Association has commissioned and is hosting on its website an on line training module to meet the needs of money transfer companies which need to train employees, agents and agent employees in their anti-money laundering and counter terrorist finance responsibilities.
The on line training module is:
- 30 minutes in length
- Features 50 slides plus a voice over track
- Offers a 20 question test at the end to assess knowledge of the material
- Developed to meet the specific training needs of money transmitters
- Available over the internet (i.e. at any PC)
- Access managed through training licences (i.e. one employee = one training licence)
- Incorporates a training management suite (register all employees/agents who need to be trained and record when they took the test and their score)
- Prints out a summary of staff and their training score
- Accessible at www.ukmta.org
The on line training covers the following topics:
- What is money laundering and terrorist finance?
- Overview of anti money laundering and counter terrorist finance laws
- The EU Payments Regulation/the 2007 Money Laundering Regulations
- The ‘risk based approach’
- What is a suspicious transaction?
- AML/CTF – do’s and don’ts
Content is general in nature – i.e. to meet the basic training needs of all staff.
Fees:
- Full members of the Association - £25 per training licence (first two licences free)
- Associate members of the Association - £40 per training licence
- Corporate training members - £50 per training licence
- Individual training members - £50 per training licence