Securities regulators and credit union educator launch course to fight fraud



    VANCOUVER, March 31 /CNW/ - Credit union employees will learn how to
detect and prevent investment fraud by participating in a new training course
developed by a group of securities regulators and the key education provider
for credit unions across Canada.
    The 30-minute online course teaches employees how to identify common
types of investment fraud, recognize warning signs, understand the financial
and social impact of investment fraud, and help those who may be at risk.
    "Our goal is to help Canadians avoid falling victim to investment fraud.
The new course outlines information that will give employees of financial
institutions the knowledge they need to actively make a difference," says
Brenda Leong, executive director of the B.C. Securities Commission.
    The course, funded by the securities commissions in British Columbia,
Alberta, Manitoba, New Brunswick and Nova Scotia, is one of the new training
courses offered by CU

SOURCE(R) Credit Union Knowledge Network (CU

SOURCE Knowledge Network), the strategic people development organization for the credit union system in Canada. Investor education staff from five securities regulators worked with CU

SOURCE Knowledge Network and Credit Union Central of B.C. to develop the course content, which features interactive exercises and scenarios. "CU

SOURCE Knowledge Network immediately saw the value of working with the securities commissions to bring this education to credit unions and their employees," said CU

SOURCE Knowledge Network CEO Cheryl Byrne. There are 472 credit unions with 1,772 locations serving more than five million members across Canada. CU

SOURCE Knowledge Network training is available to nearly 30,000 credit union system employees. Credit Union subscribers to CU

SOURCE Knowledge Network will have access to the course free of charge. CU

SOURCE Knowledge Network is the home of learning, knowledge sharing, career management and strategic people development for the Canadian credit union system. It provides access to a variety of learning vehicles, knowledge sharing and management tools, both online and in the classroom. Credit Union Central of Canada, the provincial Centrals, strategic partners and individual credit unions actively support CU

SOURCE Knowledge Network. The B.C. Securities Commission, Alberta Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission and Nova Scotia Securities Commission are responsible for regulating securities in their provinces.

For further information:

For further information: Andrew Poon, British Columbia Securities
Commission, (604) 899-6880; Tamera Van Brunt, Alberta Securities Commission,
(403) 297-2664; Ainsley Cunningham, Manitoba Securities Commission, (204)
945-4733; Jane Gillies, New Brunswick Securities Commission, (506) 643-7745;
Natalie MacLellan, Nova Scotia Securities Commission, (902) 424-8586; Art
Chamberlain, Credit Union Central of Canada, (416) 232-3466, (416) 540-0869


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