Are you running an e-gaming business in the Isle of Man? Are the demands of managing a secure and compliant business weighing you down?
It’s a big responsibility, and the stakes are high if you fail to comply with legislation. Don’t worry, Impact Professional Services have the perfect solution for you!
Our innovative e-learning platform is here to help you equip your team with the knowledge they need to stay on top of Isle of Man AML laws and regulations, as required by the Isle of Man Gambling Commission.
With our platform, you can rest assured that your business is safe and compliant, and your team is fully equipped to navigate the ever-changing landscape of e-gaming compliance. Some of the key features of our e-learning are:
- Training materials are developed by compliance experts who care about the success of your business.
- Additional language versions are available on request. This is especially useful if you have teams located in countries where English is not their first language.
- Subject to a minimum subscription, you can monitor your team’s performance in real time.
In this blog, we will uncover the answers to some of the most common questions about AML training for Isle of Man e-gaming businesses. We’ll also explore some of the exciting features and advantages that Impact’s AML e-Learning offers.
- Who is required to receive Isle of Man regulatory AML training?
If you are a licence holder of an Isle of Man regulated business, you have a legal requirement to ensure that all your staff receives Anti Money Laundering & Countering the Financing of Terrorism (‘AML/CFT’) training when they commence employment. Your staff is also required annual refresher training and updated training whenever there are significant changes to your business’ AML/CFT processes. - What if the team member is not located on the Isle of Man, but the business is registered on the Island?
The legal obligation to receive AML training is not affected by the physical location of the employee as it applies to all employees of the Isle of Man registered business.
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. They can access the training from anywhere at any time. - How do users access Impact’s e-Learning system?
Once you have decided to use Impact’s e-Learning , access to our platform could not be simpler.
You will be asked to provide basic details for each user. Each of them will be set up with their own unique log-in details. They can choose and manage their unique passwords. This allows them to access the training course at their convenience. - We have numerous staff who don’t use English as their first language. What is the best way to get them AML training?
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. - How do you ensure my team stays engaged in the training?
Our training is developed with the learner in mind. It is interactive and is presented in various styles to ensure maximum engagement. Learners can also work through our comprehensive training at their own pace, which allows them to learn without feeling overwhelmed or bored.
Additionally, our unique programme features digital avatars that guide learners through the material, bringing the content to life and increasing engagement. - What is included in the reporting functionality?
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. This allows you to determine if you are meeting your regulatory and legal requirements.
Impact’s e-Learning reporting functionality provides just 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. They can be utilised in Board Meetings to record and evidence that the company has met its legal or regulatory responsibilities.
In addition, certificates are available to provide evidence that a user has attended or passed an e-learning training course. Also, as Impact are an accredited CPD registered trainer, these certificates can count towards a staff member’s CPD requirements. - Can the reports be shared with the regulator?
Yes, the reports are formatted in such a way that they can be provided to your regulatory body to demonstrate all staff have, for example, attended and passed their annual AML/CFT refresher training requirements. - We would like to have our training, reports and everything that our staff engage with to be branded in our company name. Is this an option?
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.
We can also 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. This would be restricted to a minimum subscription level. Please contact us for more details. - We would like to personalise the training for our business. How can we do this?
Subject to minimum subscriptions, we can help you to personalise the e-Learning for your business. For instance, we can add an opening message from your CEO at the start of the training. Contact us to find out more. - We would benefit from using the system to train our staff on other subjects. Are you developing any further training courses for the e-gaming industry?
We intend 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 development. If you have a specific training requirement, please contact us, we would be delighted to discuss your requirements. - Our business is licenced to operate in another jurisdiction. Can we buy user licences for Isle of Man AML training?
If your business has branches that are 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, however it is usual for businesses 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 expert guidance on the options for your business.
Stay ahead of Isle of Man AML laws and regulations
Impact’s e-Learning platform can help your team stay up to date with the ever-evolving rules and regulations set by the Isle of Man Gambling Commission.
Our training is designed by experienced compliance professionals, who know exactly what your staff needs to be fully informed on current best practices.
The modules are designed to be easily understood yet comprehensive in their coverage, so you’ll benefit from them whether you’re an experienced professional or new to this area.
Furthermore, our experts will ensure that all the material is accurate and up to date, giving you peace of mind when it comes to meeting regulatory requirements.
Contact us to arrange your free personal demo today, where a member of our team will personally show how your team can benefit from this innovative learning tool and answer any questions that you many have.
