Compliance training refers to the process of educating employees on laws, regulations and company policies that apply to their day-to-day job responsibilities.
Moving ahead from that, it was the early 1990s after the Federal Sentencing Guidelines promised reduced fines for implementing an Effective Compliance and Ethics Program (ECEP).
Child Sexual Abuse Reporting & Prevention specifically is taught in industries that deal with children to help protect their safety and well-being.
[7] Companies in all business sectors are under pressure to demonstrate that their employees are trained in laws and regulations, and internal policies, that pertain to their roles.
For financial institutions, the key compliance training topics are anti money laundering, sanctions, and insider dealing (market abuse in the EU).
Hospitals and clinics are required to have strict compliance training on a range of different topics relating to the health and safety of all visitors, patients and staff members.
Since the healthcare industry has a tendency to be litigious in today's day and age, it is even more important for all doctors and medical staff to be aware of their local, state and federal laws as it pertains to their job.
For example, the consequences of not being compliant with Anti Money Laundering cost the Las Vegas Sands Resort to pay $47 Million in penalties for suspicious credit card transactions.
In the past, the Alaska State Department paid $1,700,000 in fines for an Unencrypted USB hard drive stolen, poor policies and risk analysis.