Washington, D.C. and Windsor, Conn. - November 18, 2008 – CFM Partners and LIMRA today launched a bilingual training program to meet the recent requirements for Canadian life insurance agents to receive ongoing Anti-Money Laundering and Anti-Terrorist Financing training.

As of June 23, 2008, The Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) requires Canadian life insurance agents and brokers and life insurance companies to implement a Mandatory Compliance Regime, which includes an ongoing compliance training program.

With the addition of Anti-Money Laundering and Anti-Terrorist Financing for Life Insurance Agents and Brokers (Canada) to their online Anti-Money Laundering Training Program, LIMRA can now support the needs of Canadian agents and carriers. A similar industrywide program in the U.S. has become the industry standard for that country, with over 600,000 agents and brokers having completed the training, representing over 125 carriers.

“We worked closely with Canadian regulators and industry associations to ensure that our program meets industry training obligations,” said Tom Caraher, LIMRA's vice president and director of Compliance and Regulatory Services. “The program will be reviewed and refreshed annually to ensure that it continues to meet evolving requirements.”

“We have designed a simple, cost-effective self-service model in both French and English to meet the unique requirements and structure of the Canadian insurance industry,” notes Bill Sheldon, COO of CFM Partners. “This online course is a fast (60 minutes), convenient, and inexpensive way for insurance agents and brokers to meet key requirements of FINTRAC Compliance Training rules, and obtain 1 hour of technical CE credit.”

Beth Murphy, president and CEO of CFM Partners, noted, “LIMRA's team of experienced compliance professionals and industry relationships, combined with the CFM Network ™ and our instructional design and financial services SMEs, provide a seamless approach to the development and rollout of a global program for compliance with AML regulations for insurance carriers and agents. We are delighted to be partners with LIMRA in developing this program to address a very serious issue within the financial services marketplace.”

About CFM Partners
CFM Partners builds, hosts and supports the worldwide financial services industry’s most sophisticated and comprehensive Governance, Risk Management and Compliance (GRC) education and management solutions. Our solutions set the standard for high quality, reliable, secure, accessible, audience-appropriate knowledge and information. Our products and services include Policy and Procedure Management, integrated GRC learning solutions, and customized education and training programs and tools. For further information, visit www.cfmpartners.com.

About LIMRA
LIMRA is a worldwide research, consulting, and performance improvement organization that helps more than 800 insurance and financial services companies in 60 countries increase their marketing and distribution effectiveness. For further information, please visit www.limra.com.

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