Regulatory Compliance Training

What is Compliance Training?

Essentially, regulatory compliance training is employee training mandated by law.   It covers all those aspects of working practice which are subject to statutory regulation and legislation, meaning that failure to comply can result in a statutory sanction.  This is not the only reason that compliance training is important: in general, compliant working practices are also good working practices, which can contribute to a professional and respectful working environment.

What Subjects Does Regulatory Compliance Training Cover?

This is a large field, and new regulation is being added all the time.  Important examples include:

National and international legislation such as the Foreign Corrupt Practices Act (FCPA) regulates the important dividing lines between acceptable and illegal business practice.

Bullying or hostile behaviour, such as on the basis of an individual’s

  • gender,
  • marital status,
  • sexual orientation,
  • religion,
  • age,
  • disability, or
  • race

are covered by varying state legislation in the US, making this a complicated issue, but one which needs to be taken very seriously by employers.

The ‘MeToo’ movement has made everyone more aware of the abuses of sexual power and privilege which can damage working relationships. In Particular California has specific requirements. California 2-Hour Manager Sexual Harassment Compliance Training. . 

View Sexual Harassment Compliance Training Requirements in US states

With financial transactions becoming increasingly traceable through computer records, criminals can turn to sophisticated techniques which use legitimate businesses as an unknowing conduit.  Training is essential to understanding and guarding against these risks.

Antitrust law (known outside the US as competition law) has as its purpose the prevention of unfair business practices which inhibit healthy competition.

Cybersecurity training has an important role to play in countering the cyber threats businesses face on a daily basis.

Data privacy is covered in Britain and the EU by the all-embracing General Data Protection Regulation (GDPR), but currently in the US by a patchwork of laws at both the state and federal level.  This can be a complicated subject for firms working across borders.

Workplace health and safety is a key responsibility not only of employers towards their workforce but also of employees towards each other.  Inculcating safety-consciousness must be a key training aim.

The extensive regulation covering the healthcare and pharmaceutical industries is a specialised subject in itself.  In the US HIPAA, the Health Insurance Portability and Accountability Act, places very specific duties upon healthcare providers which need to be fully understood by practitioners and administrators alike.

Buying or selling a publicly-traded company’s stock whilst in possession of relevant information that is not yet publicly available can subject the trader to harsh sanctions, but the law is not straightforward and expert knowledge is vital.

Intellectual property (IP) is not only the concern of high-tech businesses – almost any firm will have knowledge that needs protecting and should seek the expertise necessary to manage the risk.

Globally, more than 45 million people are living in modern slavery. The legislation places the onus on businesses to eliminate its effects, not only in their own concerns but also in their supply chain.  This responsibility needs to be fully understood.

The potential for violations of export control laws and regulations arises with almost any movement of goods across national boundaries.   Any business which operates internationally at any level needs to ensure that its liabilities are understood.

PCI DSS, the worldwide Payment Card Industry Data Security Standard set up to help businesses process card payments securely, is intended to reduce card fraud. The Standard specifies twelve requirements, which are organised into six control objectives relating to the storage, transmission and processing of cardholder data.  Training is vital for any business which takes card payments.

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