The issue of online scams continues to persist in Singapore despite its technologically astute populace. Singaporeans, notably those in vital infrastructure sectors such as the financial services, are frequently targeted by increasingly sophisticated scams. Given this worrisome context, the responsibility to guard against fraud and financial crime remains paramount for institutions and individuals alike.
In a significant development, LRN Corporation, a global frontrunner in ethics and compliance solutions, announced that 47 of its courses have been accredited by the Institute of Banking and Finance Singapore (IBF).
This accreditation, which aligns with the Monetary Authority of Singapores regulations, reinforces the firm's commitment to encourage professional competence in the financial services sector. The accreditation allows local organisations to integrate LRN's new courses into their ethics and compliance training schedules.
LRN's newly-accredited courses span critical areas including anti-money laundering, information security, and fraud prevention. These courses have been adapted specifically to cater to the needs of Singapore's financial institutions. The unique design of these courses combines real-time regulatory insights and pioneering e-learning design, providing financial professionals with a comprehensive and immersive learning experience.
The Institute of Banking and Finance Singapore is the country's national accreditation and certification agency for financial industry competence. The institute has a primordial role in fostering and advancing professional proficiency within the financial services sector, in line with regulatory requirements laid down by the Monetary Authority of Singapore.
LRN's accredited courses equip financial services industry professionals with the necessary training to advance their skills and ensure conformance with regulatory stipulations. The courses cover a host of subjects, including anti-money laundering, code of conduct, information security, anti-bribery and corruption, fraud and financial crime prevention, and Singapore's Personal Data Protection Act.
Completion of any of the accredited LRN courses will contribute to the necessary yearly Continuing Professional Development (CPD) requirements, as set out by the IBF.
LRN, a world leader in ethics and compliance training, provides courses developed by its in-house subject matter experts that stay updated with real-time regulatory changes. The 47 courses cater to eleven distinct risk areas, carefully tailored to the needs of Singaporean financial institutions.
Moreover, the company leverages the latest advancements in e-learning design and user experience, featuring interactive modules and mobile-ready technology. This provides organisations with immediate access to the most current information and allows them to easily track and report on employee training progress, extracting insights into overall compliance programme effectiveness to validate regulatory compliance prerequisites.
Commenting on this prestigious recognition, Matt Plass, Global Head of Segments at LRN, said: "Receiving IBF accreditation is critically important to ensuring that LRN can offer the most robust, flexible and relevant training available to financial industry professionals in Singapore. Our accredited catalogue of CPD-ready courses combines the market-leading e-learning experience we are known for, with real-time relevance and insight that is specific to the Singapore market."