by InScope-AML

March 14, 2024

Onboarding new employees: how AML Compliance software can help in the journey

Using specialised software for AML Compliance brings about positive transformation across all areas of a business’ operation. One of these areas involves the process of onboarding new employees.

Onboarding new employees involves making them aware of the company’s processes so that they learn what they need to do when they are on the job, as well as understand the roles of their teammates. This is easier said than done, especially in companies where AML compliance processes are primarily manual and the process is not enforced through the right software.

Teaching new employees to work on such software is the easiest way to get them up and running in the shortest time as such software covers a very large part of an employee’s role in AML compliance settings. Also, features such as user rights help new employees understand what they can and cannot do, avoiding expensive mistakes for the company.

There is also the other side of the coin in that a lack of software, and the resulting confusion this can cause, leads to demotivated employees who will eventually leave. You also run the risk that some employees may become indispensable. Something which should be avoided at all costs to retain a healthy work environment.

So look beyond the costs associated with AML Compliance software and consider all the advantages that moving away from a manual system can bring about.

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