Prevention of White-Collar Crimes Training
Companies have a social responsibility towards their employees and the general public to provide a safe and healthy work environment that is free from any kind of bullying and harassment. A company is always at risk of bad reputation and legal action if it does not comply with certain laws that are applicable to it. Therefore, it is obligated to prevent violation of any rules or regulations and protect consumer data, maintain privacy and confidentiality. Through compliance training, the company can ensure efficient risk management.
Compliance Training is mandatory for the purposes of educating the employees about regulations, laws, policies, procedures, and actions to help prevent and detect problems in the workplace and avoid violations of law and other government regulations. These policies and procedures are often job or industry-specific. They ensure that the employees understand their roles and responsibilities better and are prepared to handle difficult situations during the course of their employment.
The purpose of conducting compliance training:
What are white-collar crimes?
White-collar crimes are financially motivated, non-violent, criminal acts that are committed by people in positions of power and trust. It can either be a small, one-time act like identity theft or insurance fraud or it could be money laundering, investing schemes fraud, and any other financial schemes that often take months or years to mature. Usually, white-collar crimes are difficult to detect as the criminals are persons clothed in legitimacy. This is because they operate from a position of trust and legitimacy. It's often not known that a crime has occurred until the victims start complaining.
Why should you conduct training?
There is enough evidence that suggests white-collar crimes, such as tax frauds and corporate frauds tend to increase in times of economic distress. The economic effects of the current pandemic may last for years to come. Understanding the regulatory framework put in place is essential in understanding whether the Government will be successful in its endeavor to clean up the system. The Prevention of Money Laundering Act, 1988 was enacted with the objective of preventing money laundering and confiscating properties derived from such proceeds of crime.
Service Delivery Process followed by White Code Legal:
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Why White Code Legal?
At White Code Legal we prioritize and always strive to deliver service as per client satisfaction. Keeping the focus on maintaining affordable prices and delivering excellence we aim to make worth every penny our clients spend with us and build a lasting relationship with them