AML e-learning delivering peace of mind

Licence holders have a legal requirement to ensure that all of their staff receive Anti Money Laundering & Countering the Financing of Terrorism (‘AML/CFT’) training when they commence employment, annual refresher training and if there are significant changed to licence holders own AML/CFT processes.

This legal obligation is not affected by the physical location of the employee as it applies to all employees.  One of the many benefits of using Impact’s e-learning platform is because it is online based, there are no restrictions on where the user is located to benefit from the training.

Once you have made the decision to use the Impact e-learning platform, access for users could not be simpler.  We will request that basic details are provided for each user licence required, and each user will be set up with their own unique log-in details including choosing and managing their own unique passwords allowing them to access the training courses at their convenience.

A further benefit of Impact’s e-learning platform is that training is not restricted to the English language and can be provided in multiple languages.  We do however have a minimum subscription order if you would like training courses on the e-learning platform to be provided in a language other than English.  If you have an alternative language requirement other than English, please contact us for more details.

As a business owner, it is important that you or your Compliance function have access to real time information that allows you to monitor the training that has taken place allowing you to determine if you are meeting your regulatory and legal requirements.  Impact’s e-learning reporting functionality provides just that, in that you can easily determine at the touch of a button information such as, which users have attended which training courses, when it was attended, and for certain courses if they have passed the course.

These reports are flexible and can be provided in a printable or downloadable format, and therefore can be utilised in Board Meetings to record and evidence the Company has met its legal or regulatory responsibilities as appropriate.

In addition, certificates are available to provide evidence that a user has attended or passed an e-learning training course.

Yes, the reports are formatted in such a way that a report can be provided to your regulatory body to demonstrate all staff have, for example, attended and passed their annual AML/CFT refresher training requirements.

Providing minimum subscription levels are met, we have the functionality to brand the reports with your company logo and details, which is beneficial if the training records are to be shared with an outside party such as a regulator.

In addition, we also have the ability to provide you with your own white labelled e-learning platform should you wish to have your own branded platform to deliver a wider scope of staff training courses.  Again, this would be restricted to a minimum subscription level.  Please contact us for more details.

It is our intention to offer a wider range of training courses for the e-gaming industry, and further courses for both the Isle of Man and other jurisdictions are currently under construction.  If you have a specific training requirement, please contact us, we be would be delighted to discuss your requirements.

If you have branches to your business licenced in alternative jurisdictions to the Isle of Man, then you most likely have a similar obligation to ensure your staff receive initial and ongoing AML/CFT training.  It is possible for staff in other jurisdictions to use the same e-learning training, however it is usual for companies to adopt the training requirements of the jurisdiction with the highest AML/CFT standards when considering training options.  In such circumstances we would suggest you speak to us about your specific requirements and our team will be able to provide you with their expert guidance on the options available to your businesses.

Impact are a group of compliance consultants who have been operating in the Isle of Man since 2018. We guide regulated businesses in the Isle of Man through the everchanging regulatory landscape, helping those responsible for compliance sleep better at night.