The money laundering CBT programme has been introduced as a result of overwhelming client research in favour of incorporating the tool and to further complement Competent Adviser’s recently launched TCF toolbox.
Results from the research also highlighted that clients require the ability to test for understanding at regular intervals throughout the CBT programme and the ability to be tested formally on various subject matters. It also illustrated the increased importance of being able to create and provide a full audit trail upon completion of the programme.
Competent Adviser has incorporated all these aspects by providing clients with a self-standing money laundering CBT programme which tests students understanding as they learn. This can then be automatically followed up by a formal test - the results of which are reported directly in to the individual's supervisor - creating the necessary audit trail required for regulatory purposes. It also automatically updates the individual's continuing professional development record to reflect their enhanced competency.
Gillian Tait, director at Competent Adviser, said: “Our clients have often spoken about the prohibitive cost involved in obtaining good quality CBT material and the challenges involved in creating this meant it was imperative that the programme is both up to date and highly relevant to their business.
“We are delighted to be able to provide a cost-effective solution that can be offered on a generic basis as an integral part of the Competent Adviser system and can also be available as a bespoke version - on a costed basis - to include any company specific issues individual organisation wish to be raised.
“In working to help solve this problem we are delighted to have developed the money laundering CBT programme which sits nicely alongside our recent TCF toolbox enhancement.”
Competent Adviser will be exhibiting on stand A25 at the London Mortgage Business Expo on the 12th and 13th November.
