Modern compliance professionals not only navigate a complex regulatory environment but also add a key commercial perspective. They enable the right business to be conducted in the right way and help firms achieve success by using systems and controls to ensure effective risk management. To enable them to do this, proper compliance training is essential. Let's look at some of the reasons why.

Value and benefits

Proper compliance training is capable of empowering individuals  to execute their role with greater confidence, as it will focus on and create an understanding of academic, practical and international frameworks that are crucial to their role. It will also provide them with new skills that they can apply immediately, such as critical thinking. It will also help them understand more than just their job role; it will give them an appreciation for wider compliance issues, as well as best practice.

Compliance - ten years on

There has been a positive shift in interest in the compliance industry over the last ten years and the International Compliance Association receives many enquiries from people interested in a career in compliance.

As a discipline, compliance was traditionally thought of as ensuring adherence to the many rules and regulations organisations face. But it is now about so much more. Culture, ethics, and advice are just some of the necessary elements.

The fact that compliance as a career has developed brings with it a responsibility to be good at your job and to do it to the best of your ability. It's no longer about just doing mandatory training. It's about getting properly qualified, maintaining and building on your skills so that you can support not just yourself, but others as well. 

Lifelong learning

?An investment in knowledge pays the best interest? - Benjamin Franklin was not wrong. Lifelong learning enables you to continually gain knowledge and skills, grow your confidence and respond to today's ever-changing landscape. By taking part in compliance training, you will be joining a movement of lifelong learning. Not only will it enable you to demonstrate motivation to develop and grow on a professional level - making career progression much more realistic - but it will allow you to keep up to date with the continuously changing world of compliance.

We?ve partnered with the ICA to offer members qualifications, training, and courses for professionals in Anti Money Laundering, Compliance, CDD and Financial Crime Prevention. Learn more here.