5 best practice tips for training in AML and Compliance

Written by Pekka Dare on Friday September 7, 2018

Increased regulatory expectations, rising standards and best practice now makes it clear that rapidly clicking through a computer based training course does not mean people have been given the right skills to tackle the complex issues facing regulated firms today.

We have seen failings and huge fines in large institutions for AML, ABC and Compliance issues where staff fail to think critically and put issues into the bigger context. What this means is that the expected standard has been raised when it comes to training and awareness. Regulators around the world increasingly expect to see evidence of an effective and risk based approach to training and awareness.

So what is best practice in training for AML and Compliance?

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