Bringing advanced online educational technologies closer to Filipinos

Published April 5, 2021, 9:20 AM

by Len Amadora

Continuously mitigating credit risk and fraud in operational processes and systems has become a prevailing problem for the financial sector. As businesses deal with the aftermath of the lockdown, lenders may expect a surge in working capital loan requests from entrepreneurs hoping to recover from these trying times.

Covering more than the Financial Sector, The Republic Act (RA) 11521 is the law relating to Anti-Money laundering and also includes real estate developers and brokers as well as offshore gaming operators and their service providers. The push for recovery and the demand for business loans means all covered sectors have to improve credit compliance as well as strengthen Anti-Money Laundering (AML) practices to ensure that members and employees comply with the law against fraudulent acts. 

With lockdowns and quarantine as the new normal, people are adopting online technologies for their day to day work and training, and are looking for high quality providers who can guarantee AMLC accredited programs.

Framedia Inc., a family-owned and well-respected Filipino company, pioneered the first full-service AML certification in the country. Accredited by the Anti-Money Laundering Council (AMLC), Framedia created the Immersive e-Learning Module Series which revolutionized the way AML training is done, digitizing AMLC approved content to ensure access to essential training and education is not lost during the pandemic. AML Training is key in the prevention, detection, and reporting of Money-Laundering and Terrorist-Financing crimes.

The mandatory awareness-level training for all covered persons is done via an online training platform, AML.CERTIFIED.PH which provides easy to navigate training modules, able to be completed in a self-paced manner, allowing participants to focus on the interactive learning material at their most convenient time. On successful completion they will be rewarded with a legitimate, authentic and AMLC-verified certificate which can be downloaded and printed. Successful completion is also notified to AMLC directly, updating their records on compliant persons.

President & CEO of Framedia, Frank Mejia

“Digital transformation is key in the success of every organization and we recognize how vital it is for us to deliver the right competencies to satisfy the e-Learning needs of our clients. Framedia being the first fully accredited e-learning provider of AMLC proves how capable we are to adjust to the growing demands of the e-Learning market. We will embark on more exciting partnerships moving forward as we expand our roster of partners and product portfolio both for the Philippine market and global,” shares Mr. Frank Mejia, Framedia President & CEO.

 
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