With new ways of laundering money being constantly created it’s very important that your company is constantly receiving anti-money laundering training. While there are new regulations constantly evolving to detect such actions, it’s important that you keep your organization in good shape in regards to being able to handle any money laundering risks. New compliance laws are also being implemented that have an effect on all industries. Of course some industries such as the finance and banking industries tend to be under more scrutiny and are more likely affected by compliance laws as well. Training for anti-money laundering is your best defense to combat it. You’ll need good quality training that’s provided by professionals in the field ready to assist you and customize programs to perfectly fit your requirements.
Make Sure Your Compliance Training Is On Point
One of the best ways to make sure that your compliance training remains on point and supports your anti-money laundering program is to use the services offered by the experts as well is making such training mandatory for all of your employees. It’s very important that this type of training is extended across your organization. Literally any employee can be a source whether it’s willing or unwilling for money laundering. There is also the possibility that an employee may discover money-laundering activities within your company too. The only way they’ll be able to help you safeguard your company is if they are aware of money-laundering activities, how to recognize them in the proper steps to take when it comes to addressing the issue.
Your Employees Need Current Training
With changing laws and regulations in regards to money laundering it’s very important that you have current and updated training in place for your employees. Your current training should align with the newest legislation as well. It is essential that current laws and the right information are known in order to fight money-laundering in an effective manner. This of course includes making sure that the training method you use is engaging. Start by answering a few essential questions concerning the type of training you want for your organization. Consider what type of work your employees do, whether they are office-based or field-based, whether they need short training modules that are taken over a certain period of time or do they need full session training? Those answers will guide you in determining the type of training you should use for your employees.