The New York Clearing House Association will announce a new training program today aimed at making mid- and senior-level bankers aware of the sophisticated schetnes of money launderers.

Compliance officers from clearinghouse banks worked together on the program, which will also help bankers comply with anti-money-laundering rules.

The price tag on the multimedia program, which can be modified to run between two and four hours, is $10,000.

Produced by Jack Morton Productions in Manhattan, the program contains video segments and interactive exercises.

The program is available in Spanish and Japanese as well as English.

Frederick Dietz, director of corporate compliance at Citibank, said he valued the international capabilities of the program.

"The program has received very strong worldwide demand, with thousands of {Citibank] employees viewing the video and over 200 copies of the program distributed," Mr. Dietz said.

The complete program includes a master video tape for unlimited duplication, 14 diskettes for Window's containing training materials that can be customized for different institutions, and manuals.

The Clearing House Association's 11 members are already using the program, and it has been bought by Bank of America.

John Youngken, vice president of corporate compliance at National Westminster Bancorp, said the program was "strong medicine to help deal with an ever-increasing risk area for all financial services firms.

"It has quickly become a basic part of ongoing Natwest risk management and training.

For more information about the program, contact Kim Gosen of Jack Morton Productions at 212-727-0400.

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