"Bank of America provides regular training to all Bank of America employees so they understand ethical business practice and professional conduct and are prepared to take appropriate steps if they suspect a breach of principles, laws, regulations, policies or procedures. In addition to this enterprise training, Bank of America Procurement teams undergo additional training which includes how to conduct effective due diligence, how to identify and report any concerns within the potential Vendor base, and increased visibility and awareness of modern slavery and human trafficking. This training will continue to be reviewed and enhanced in 2018. In addition, Bank of America, working on its own and with other financial institutions, has made human trafficking an area of focus in its anti-money laundering prevention efforts. "
In addition to this enterprisetraining, Bank of America Procurement teams undergo additional training which includes how to conducteffectivedue diligence, how toidentify and report any concerns within the potential Vendor base, and increased visibility and awareness of modern slavery and human trafficking.4
These policies include a rigorous Customer Due Diligence process, compliance with U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and the Modern Slavery Act as well as anti-money laundering controls. All employees are required to complete annual training on many of these subjects, as well as acknowledge our Code of Conduct.2