Training
It is crucial that not only the compliance team but also the board of directors and senior management keep up-to-date on regulatory developments and trends.
- Does the training for your first, second and third line of the defence should be strenghtened?
- Are the specific needs of the industry fully satisfied with the base knowledge?
All employees shall be capable to ensure an adequate compliance level. Periodic training knowledge is crucial for all lines of defence, with proper awareness testing and recording.
There are various types of training that may be offered, covering the institution’s policies, procedures, processes, new rules and regulations applicable to your organisation, industry trends, Anti-Financial Crime training, Code of Conduct training, Sales Practices training and Regulatory Compliance training for instance.
