Bankers Training & Consulting Releases OFAC Compliance Video; Training Program Highlights Important Financial Regulations.

DALLAS--(BUSINESS WIRE)--Nov. 16, 1999--

Bankers Training & Consulting Company (BTCC), a PRIMEDIA Workplace Learning (PWPL) company and subsidiary of PRIMEDIA Inc. (NYSE:PRM), has released its latest training video for financial institutions.

'Understanding OFAC' gives an overview of the purposes of the Office of Foreign Assets Control, why it was enacted and the penalties for noncompliance.

"When we began our research on producing this video, we received so many enthusiastic requests for it, we knew we had identified a definite need for training on this topic," said Mary Corrigan, Vice President of Product Development, BTCC. "OFAC compliance encompasses almost every area of a financial institution. It's so important to understand it and have safeguards in place. All financial institutions will benefit from OFAC training."

OFAC regulations affect just about every transaction and activity that a financial institution undergoes. Noncompliance, however unintentional, has extremely serious ramifications not only to the institution, but also to the individual employee. By understanding OFAC and having a system in place to ensure compliance, a financial institution can prevent costly sanctions.

'Understanding OFAC' is 14 minutes long and is available for purchase for $525 or can be received on a 30-day rental for $245. BTCC's Perfect Training Library members can access this program at no additional charge. For more details call 800/264-7600.

Bankers Training & Consulting Company is dedicated to providing financial institutions with high-quality, cost-effective training solutions. BTCC offers the largest selection of computer-based, video, multimedia and Intranet training products available, covering topics from regulatory compliance and teller training to management development and customer service. For more information visit www.btcc.com.