anti-FINANCIAL CRIME training

Training and development are crucial for a firm. Continuous training is essential for  proper development, both individually as well as enterprise wide since a firm is the aggregate sum of its staff. Too frequently, firms nowadays often target expensive technology and software as an answer to process and performance gaps as opposed to investing in its staff’s knowledge and development. This is further compounded by the fact, that many firms struggle to find or retain quality and knowledgeable staff in today's rapidly expanding Anti Financial Crime marketplace, placing more pressure on firms to organically grow their knowledge and skills.

 
In today’s market place, it is also difficult to obtain reliable and quality sources of training material at a cost effective price. The time, cost and effort for a firm to also create and maintain its own robust training environment, is frequently a deterrent to properly invest and frequently results in less than optimal educational programs for its staff.  

 
However, one thing is for certain, training adds enormous value in numerous ways. Training is an important asset, as it helps cost reductions in various shapes and forms by granting access to practical experience for employees, accessing new skill sets, enhancing existing ones, addressing weaknesses and amplifying strengths. It increases innovation and critical thinking which promotes problem solving approaches.

Furthermore, training increases productivity levels through improved employee performance. Training helps maintain organizational wide consistency and lowers risk, thus increasing the safety and soundness of the company as well as its reputation. Moreover, training addresses employee turnover ratios by improving employee satisfaction. The employees are empowered to become self-driven, requiring less supervision and guidance; and providing opportunities for career progression.

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Hence, training should be seen as an asset, rather than an expense. With the rapidly evolving financial landscape firms must be abreast of new regulations, customer activity, negative and positive trends, technology; and importantly, knowledge and resources that help develop a firm in its entirety. 

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A well designed and tailored training program has many benefits. It provides employees with not just general awareness on topics but allows more specialized topics to be delivered to specific roles and responsibilities. Such a targeted approach to training means the right employees receive the right training, ensuring that employees are only being asked to complete training that is relevant and helpful to them.