• 1


Call Now : 888.433.2666 or Contact Us

Welcome to Banker's Academy

With 30+ years of experience, Banker's Academy is the leading global provider of training solutions to the financial community. We specialize in BSA/AML, Compliance Officer, HR Professional, Teller and Branch Manager Training. We’re proud to have partnered with over 2,500 clients worldwide in various financial services industries, with a focus on banks, credit unions, and money service businesses. Let us help you reach your target audience with an innovative, results-driven educational experience.

Our Offerings

  • Extensive Catalog of required Compliance Courses maintained by Subject Matter Experts
    Read More
  • Excellent skills and concept training for Banking Industry personnel - essentials to advanced.
    Read More
  • Powerful Human Resource courses to help HR Admins achieve professional, ethical compliance for their organizations.
    Read More
  • Business Professional Skills suitable for anyone seeking to be a thought leader in their company
    Read More
  • MS Office Suite 2010 - Full beginning to advanced coverage with videos and simulations.
    Read More
  • Years of experience helping our clients define, design, develop and implement excellent learning strategies from concept to post assessment.
    Read More
  • Modern Instructional design is required for an increasingly mobile workforce. Our experts are always refining and updating our methods to maximize the new micro-learning object approach.
    Read More
  • Defining and developing a competency framework is a large undertaking. We will help you create a valid, useful tool that can be effectuated within our Learning Management System and provide excellent ROI.
    Read More
  • Employee Onboarding processes can be a challenge to organize, manage and report, but it is essential to get it right. We have automation solutions that are easy and reliable to use.
    Read More
  • Advanced, immersive System Simulations Training. We specialize in core banking systems.
    Read More
  • Product Launches need to sell and inform. We create interactive, modern launch support materials that can convey everything from simple to complex value propositions.
    Read More
  • We can custom create courses to any specification, quick and simple to sophisticated and complex.
    Read More

Anti Money Laundering (AML) in Poland



Anti Money Laundering (AML) By Country: Poland

Anti Money Laundering (AML) in Poland

Click to Launch Free Tutorial
Anti Money Laundering (AML) in Poland was established as a top priority by a National Security Strategy. The Polish government has worked diligently to bring its laws into full conformity with EU obligations. The Criminal Code of the Republic of Poland criminalizes money laundering. Article 299 addresses self-laundering and criminalizes tipping off.

In June 2001, the parliament passed amendments that broadened the definition of money laundering to encompass all serious crimes ("Act on Counteracting Introduction into Financial Circulation of Property Values Derived from Illegal or Undisclosed Sources," known as the "Act of 16 November 2000"). The Act has been amended several times since its enactment, but its basic function is to improve Poland’s ability to combat money laundering and increase penalties for money laundering crimes. The Act contains safe harbor provisions that exempt financial institution employees from normal restrictions on the disclosure of confidential banking information. The law also provides for the creation of a Financial Intelligence Unit (FIU), the General Inspectorate of Financial Information (GIIF), housed within the Ministry of Finance, to collect and analyze large and suspicious transactions.

AML Training in Poland

In accordance with Poland’s 2000 Act on the Counteraction of Introduction into Financial Circulation of Property Values Derived from Illegal or Undisclosed Sources and on Counteracting the Financing of Terrorism, all employees must be trained on their responsibilities and be able to identify suspicious transactions.

The Economy of Poland

In the early 1990s, with its transition from communism to a democratic, capital market, Poland’s economy became more liberal, with the privatization of small- and medium-size state-owned companies and rapid growth of the private sector, which today generates 75% of the Gross Domestic Product (GDP) and employs over 70% of the population. An inefficient commercial court system, a rigid labor code, bureaucratic red tape, and persistent low-level corruption keep the private sector from performing up to its full potential.

Today, the main institutions of the Polish capital market are the Warsaw Stock Exchange (WSE), which organizes both cash and derivatives markets, and the National Depository for Securities, which handles clearing and settlement on the regulated market and maintains securities in the form of computer records.

Banking in Poland

The National Bank of Poland is the central bank of Poland. The National Bank of Poland is responsible for the stability of the national currency. Fulfilling this constitutional obligation, the National Bank of Poland develops and implements the monetary policy strategy and the annual monetary policy guidelines. Through the management of the official reserves, the Central Bank ensures the requisite level of the State's financial security.

As an issuer of currency, the National Bank of Poland maintains the liquidity of cash payments. An important objective of the Central Bank is guarding the stability of the financial system. As part of its supervisory and regulatory functions, the National Bank of Poland oversees the liquidity, efficiency, and security of the payment system. It also contributes to the development of a secure infrastructure of the financial market. In addition, the National Bank of Poland also regularly publishes information on its website to further the economic education of the Polish people.

Polish Currency

The zloty is the currency of Poland and is issued by the National Bank of Poland. A zloty is equal to 100 groze. Coins are available in 1, 2 and 5 zloty and denominations of 1, 2, 5, 10, 20 and 50 groszy. Banknotes are available in denominations of 10, 20, 50, 100 and 200 zloty.

Other Key Statistics of Poland

Time Zone: UTC+1 (6 hours ahead of Washington, DC during Standard Time).

Location: Central Europe, east of Germany.

Population: 38.53 (2013 est.).

Labor Force: Approximately 16.1% work in agriculture, 29% in industry and 54.9% in services industries. The unemployment rate is 12.8%.

Languages Spoken: Polish, other and unspecified languages.

Trade Organizations: Poland is a member of the World Trade Organization (WTO) and the United Nations (UN).


A Free Overview Of Anti Money Laundering (AML) For Poland.

Anti Money Laundering (AML) in Spain



Anti Money Laundering (AML) By Country: Spain

Anti Money Laundering (AML) in Spain

Click to Launch Free Tutorial

Money laundering in Spain is an ongoing problem, with the largest source of laundered funds in the country resulting from terrorist financing and organized crime.

The Government of Spain (GOS) remains committed to combating narcotics trafficking, terrorism, and financial crimes, and continues to work to tighten financial controls. The criminalization of money laundering was added to the penal code in 1988 when laundering the proceeds from narcotics trafficking was made a criminal offense. In 1995, the law was expanded to cover all serious crimes that require a prison sentence greater than three years. Amendments to the code on November 25, 2003 made all forms of money laundering financial crimes. The penal code can also apply to individuals in financial firms if their institutions have been used for financial crimes. An amendment to the penal code in 1991 made such persons culpable for both fraudulent acts and negligence connected with money laundering.

In December 1993, specific measures to prevent money laundering were adopted to regulate the legal entities in the financial sector and individuals moving large sums of cash (Law 19/1993). The regulations for enactment were established by Royal Decree 925/1995, which set the standards for regulating the financial system. The regulations were amended in January 2005 by Royal Decree 54/2005. Pursuant to these laws and regulations, the financial sector is required to identify customers, keep records of transactions, and report suspicious financial transactions. Spanish banks are required by law to maintain fiscal information for five years and mercantile records for six years.

The money laundering law applies to most entities active in the financial system, including banks, mutual savings associations, credit companies, insurance companies, financial advisers, brokerage and securities firms, postal services, currency exchange outlets, casinos, and individuals and unofficial financial institutions exchanging or transmitting money (alternative remittance systems). The 2003 amendments added lawyers and notaries as covered entities.

The Commission for the Prevention of Money Laundering and Financial Crimes (CPBC) coordinates the fight against money laundering in Spain. The Secretary of State for Economy heads the commission and all of the agencies involved in the prevention of money laundering participate. Agencies represented include the National Drug Plan Office, the Ministry of Economy, the Public Prosecutor’s Office (Fiscalia), Customs, the Spanish National Police, the Guardia Civil, the National Stock Market Committee, the Treasury, the Bank of Spain, and the Director General of Insurance and Pension Funds. Any member of the Commission may request an investigation.

The Economy of Spain

The Spanish economy boomed from 1986 to 1990, averaging 5% annual growth. After a Europe-wide recession in the early 1990s, the Spanish economy resumed moderate growth starting in 1994.

The Socialist president Rodriguez Zapatero, made mixed progress in carrying out key structural reforms, which need to be accelerated and deepened to sustain Spain's economic growth.

Despite the economy's relatively solid footing, significant downside risks remain including Spain's continued loss of competitiveness, the potential for a housing market collapse, the country's changing demographic profile, and a decline in EU structural funds.

Banking In Spain

Banco de Espana is the central bank of Spain and a member of the European Central Bank (ECB). The central bank also serves as the banking regulator in Spain.

Spanish Currency

The currency in Spain is the Euro, which serves as the currency of the 15 members of the European Central Bank. The states that have adopted the Euro as its currency make up the Eurozone. These countries are: Austria, Belgium, Cyprus, Finland, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovenia and Spain. The Euro is the single currency for more than 320 million Europeans.

The Euro was first phased into the global economy in 19999. In the beginning, participating countries had to combat the use of both Euros and former national currencies. Beginning in 2002 national currencies were withdrawn.

The Euro comes in both banknotes and coins. Banknotes are available in 5, 10, 20, 50, 100, 200 and 500 denominations. Coins are available in 1, 2, 5, 10, 20, 50 cent pieces, and 1 and 2 Euro coins.

Other Key Statistics of Spain

Time Zone: UTC+1 (6 hours ahead of Washington, DC during Standard Time). Daylight Saving time: +1hr, begins last Sunday in March; ends last Sunday in October .

Location: Southwestern Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France.

Population: 47.27 million (2012 est.)

Labor Force: Approximately 3.5% work in agriculture, 29.8% in industry and 66.6% in services industries. The unemployment rate is 8.3%.

Languages Spoken: Castilian Spanish (official) 74%, Catalan 17%, Galician 7%, Basque 2%.

Trade Organizations: Spain is a member of the World Trade Organization (WTO).


A Free Overview Of Anti Money Laundering (AML) For Spain.

Anti Money Laundering (AML) in Colombia



Anti Money Laundering (AML) By Country: Colombia

Anti Money Laundering (AML) in Colombia

Click to Launch Free Tutorial
The Government of Colombia is a regional leader in the fight against money laundering. Nevertheless, the laundering of money from Colombia’s illicit cocaine and heroin trade continues to penetrate its economy and affect its financial institutions. In addition to drug-related money laundering, laundered funds are also derived from commercial smuggling for tax and import duty evasion, kidnapping for profit, arms trafficking, and terrorism connected to violent paramilitary groups and guerrilla organizations.

While Colombia is not a regional financial center, the banking sector is mature and well regulated. Comprehensive AML regulations, as well as international cooperation on AML organizations, have allowed the government to refine and improve its ability to combat financial crimes and money laundering. Law 526 of 1999 established Colombia’s Financial Intelligence Unit (FIU), the Financial Information and Analysis Unit (Unidad de Información y Análisis Financiero or UIAF). However, money laundering is still a problem, and the UIAF has identified more than 44 techniques for laundering money.

Financial institutions are required by law to maintain records of account holders and financial transactions for five years. Secrecy laws have not been an impediment to bank cooperation with law enforcement officials, since under Colombian law there is a legal exemption to client confidentiality when a financial institution suspects money laundering activity. General negligence laws and criminal fraud provisions ensure the financial sector complies with its responsibilities while protecting consumer rights. Obligated entities are supervised by the Financial Superintendent. In June 2008, the Financial Superintendent issued a circular effective October 2008, further tightening financial reporting requirements for the financial, insurance and securities sectors with strict deadlines for submitting regular transaction reports.

The Economy of Colombia

Colombia’s economy experienced significant growth from 2002 until 2007, chiefly due to rising commodity prices, advancements in domestic security, and President Uribe’s premarket economic policies. Recently, Colombia has witnessed record levels of foreign investment.

Inequality, underemployment and drug trafficking remain significant challenges to the Colombian economy. Although economic growth faltered in 2008, resulting from the global financial crisis and a weakening demand for Colombian exports, the United States and Venezuela remain Colombia’s largest trading partners.

Banking in Colombia

Banco de la República is the Central Bank of Colombia, charged with the tasks of issuing and administering Colombia’s legal currency. Colombia’s Central Bank also control’s the country’s monetary, credit and foreign exchange systems.

The primary responsibilities of Colombia’s Central Bank include acting as the government’s bank, controlling the issuing of legal tender, receiving allocations of credit and providing loans to the government and commercial banks, directing and managing Colombia’s financial and monetary policy, and carrying out currency transfers with other countries.

Colombia’s Central Bank also works to promote scientific, social and cultural development within Colombia through the creation of financially funded foundations focused on technology, anthropology and many other educational and cultural fields.

Colombia's Currency

The currency of Colombia is the Peso. It originally replaced the Real in 1837 at a rate of 1 peso to 8 reales. Since then, the Peso has been pegged in value to a number of other currencies, including the French Franc in 1871, at a rate of 1 peso to 5 francs, the British Pound in 1907, at a rate of 5 pesos to 1 pound, and most recently, the U.S. Dollar in 1931, at a rate of 1.05 pesos to 1 dollar.

The peso comes in both banknotes and coins. Coins are currently available in 20, 50, 100, 200, and 500 cent pieces. Banknotes are available in 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000 denominations. A 100,000 banknote is slated to be released.

Other Key Statistics of Colombia

Time Zone: UTC-5 (same time as Washington, DC during Standard Time).

Location: Northern South America, bordering the Caribbean Sea, between Panama and Venezuela, and bordering the North Pacific Ocean, between Ecuador and Panama.

Population: 45,644,023 (July 2009 est.).

Labor Force: Approximately 22.4% work in agriculture, 18.8% in industry and 58.8% in services industries. The unemployment rate is 11.8%.

Languages Spoken: Spanish.

Trade Organizations: Colombia is a member of the United Nations (UN) and the World Trade Organization (WTO).


A Free Overview Of Anti Money Laundering (AML) For Colombia.

Anti Money Laundering (AML) in Denmark



Anti Money Laundering (AML) By Country: Denmark

Anti Money Laundering (AML) in Denmark

Click to Launch Free Tutorial
Money laundering in Denmark is not a major problem. The country has established an adequate Anti Money Laundering/Combating the Financing of Terrorism (AML/CFT) system. However, building a fully-effective, FATF-compliant system that can protect Denmark from potential future threats is still a work in progress.

The Kingdom of Denmark consists of three jurisdictions (Denmark, Greenland, and the Faroe Islands), each with a different set of laws relevant to AML/CFT. The new Measures to Prevent Money Laundering and Terrorist Financing (MLA) has not been extended beyond Denmark proper. The Danish government is working with the Home Rule Governments of Greenland and Faroe Islands to update various aspects of their AML/CFT regimes, permit the extension of the Vienna, Palermo, and Terrorist Financing conventions, and ensure full implementation of UN Security Council resolutions.

Finanstilsynet, the Danish Financial Supervisory Authority (FSA), upholds financial regulations in Denmark. Any institution not overseen by the Danish FSA has to register with and send reports to the Public Prosecutor for Serious Economic Crime.

AML Training in Denmark

Denmark's Criminal Code requires all financial institutions to establish appropriate training programs to combat money laundering and terrorist financing activities within the country.

Economy of Denmark

Recently, the Danish economy has undergone strong expansion stimulated by private consumption growth, exports, and investments. Denmark has successfully modernized its market economy over the last several years, which now features high-tech agriculture, up-to-date small-scale and corporate industry, extensive government welfare measures, comfortable living standards, a stable currency, and high dependence on foreign trade. The unemployment rate is low and capacity constraints are limiting growth potential.

Economic growth gained momentum in 2004 and the upturn continued through 2007.

Banking in Denmark

The National Bank of Denmark is the country’s Central Bank.

The head office of the Central Bank is located in Copenhagen. The National Bank performs all the usual functions of a central bank, and it holds almost all of the nation's foreign exchange reserves.

Derived from the National Bank of Denmark Act of 1936, the objective of the Central Bank is to maintain the following:

  • Stable prices.
  • Safe payments.
  • A stable financial system.

Commercial banks in Denmark provide short-term money to businesses and individuals.

Danish banks suffered throughout the Nordic banking crisis of 1991-93. However, recovery stimulated by continuing capital gains in the securities markets allowed the financial industry to rebound completely.

Currency in Denmark

The Danish Krone (DKK) is the official currency of Denmark. The DKK was first established in 1873, and krone literally translates to “crown” in English. Denmark has decided not to join 15 other European Union (EU) members in adopting the Euro. Nonetheless, the Danish krone remains linked to the Euro.

The krone can be subdivided into 100 ore. Denominations for coins are 25 and 50 ore, and 1, 2, 5, 10 and 20 kroners. Denominations for notes are 50, 100, 200, 500 and 1,000 kroners.

According to the Prime Minister of Denmark, the country will vote about the Danish Euro introduction sometime in 2008.

Other Key Statistics of Denmark

Time Zone: UTC+1 (6 hours ahead of Washington, DC during Standard Time).

Daylight Saving Time: +1hr, begins last Sunday in March; ends last Sunday in October. note: applies to continental Denmark only, not to the North Atlantic components.

Location: Northern Europe, bordering the Baltic Sea and the North Sea, on a peninsula north of Germany (Jutland); also includes two major islands (Sjaelland and Fyn).

Population: 5.614 Million (2013 est.).

Labor Force: Approximately 3% work in agriculture, 21% in industry and 76% in services industries. The unemployment rate is 2.8%.

Languages Spoken: Danish, Faroese, Greenlandic (an Inuit dialect), German (small minority) note: English is the predominant second language.

Trade Organizations: Denmark is a member of the European Union (EU) and the United Nations (UN).


A Free Overview Of Anti Money Laundering (AML) For Denmark.