Definition:
Compliance training consists of educational programs designed to help employees understand and adhere to industry regulations and internal compliance policies.

Contextual Explanation:
Companies conduct regular training sessions on topics like anti-money laundering (AML), data protection, and ethical business practices.

Why It Matters:
Well-trained employees reduce compliance risks, prevent regulatory breaches, and uphold industry standards.Example:
A financial services firm requires all employees to complete annual AML training to stay updated on new regulations.