Regulators are cracking down, training budgets are being slashed, and compliance officers and bank training personnel are increasingly finding themselves in a tough position.Regulators are demanding more from compliance officers and training staff. They are not only looking to see that institutions are complying with regulations such as the Bank Secrecy Act and Anti-Money Laundering laws; they also want to see that banks are being proactive in their training efforts. Increased attention is being placed on effective, informative and timely training.
Despite these increasing demands, compliance and training budgets are being reduced! Training is often the first expense to get cut when dealing with a tight budget. However, if banks want to meet regulators’ tough standards, they must have trained personnel!
According to a recent survey, online education is the perfect solution. It is cost-effective and efficient. Online education can be delivered quickly and at a fraction of the cost of formal classroom training. In addition, research shows that online education is more effective than traditional learning by virtue of the interactive, one-on-one nature of the training. Less time and money for a greater outcome equals a much more efficient way of training staff members.
TRC Interactive offers online, interactive compliance training as well as courses on other topics such as fraud. To learn more about courses available from TRC Interactive, please contact us at info@trcinteractive.com or (800) 222-9909. Also, be sure to regularly check our blog to stay updated on the hottest topics in the banking industry.
