How often should compliance training be conducted for bank employees?

Compliance training should be conducted at least annually for bank employees to ensure they are up-to-date with the latest regulations, policies, and best practices relevant to their roles. Annual training helps reinforce the importance of compliance and keeps employees engaged with current legal requirements, risk management principles, and any changes in the banking industry or organizational policies.

Conducting training annually strikes a balance between providing sufficient knowledge to employees and accommodating operational efficiency. It helps build a culture of compliance within the organization, where employees regularly refresh their understanding of compliance issues rather than becoming complacent. Additionally, annual training allows for updates to training content to reflect any new regulations or internal policy changes, ensuring that all staff members are informed and capable of adhering to compliance standards throughout the year.