Global learning solution helps financial services firms and corporates drive their compliance strategies in the fields of competition / anti-trust and anti-corruption / anti-bribery
Clifford Chance and Thomson Reuters, world leading providers of legal and information services respectively, have launched a suite of eLearning courses on a variety of topics including competition and anti-corruption. The eLearning offering enables compliance, legal and HR officers to monitor training on a real time, enterprise-wide basis, and aligns Clifford Chance's leadership and knowhow in competition and other regulatory regimes with Thomson Reuters best in class technology solutions.
The joint initiative helps businesses to reduce the cost and time associated with training staff members, and to mitigate the risk of the substantial costs incurred when regulators expose gaps in compliance strategies. Deploying the eLearning platform to raise internal awareness and understanding of competition and anti-corruption laws forms an integral part of a robust approach to compliance, particularly in a challenging business environment where failure to manage risk effectively has led to substantial fines, reputational damage, and criminal convictions for individuals and company directors and officers.
The platform is strong on the key points of intuitive learning, monitoring course completion and cost-effectiveness. Clifford Chance has developed plain-speaking content and case studies to make the training practical and memorable. Each of the interactive courses, available in a range of languages, takes a modular approach, progressively introducing key learning points. Comprehension is tested through an online quiz.
Compliance officers and those responsible for rolling out and administering training can monitor and track learning on a real time, enterprise-wide basis. Thomson Reuters Accelus is an established eLearning business that already delivers courses in 19 different languages to more than 500 clients and 600,000 users globally on a wide range of topics in categories such as Induction and Awareness, Financial Crime, Business Conduct and Governance and Risk Management.
“We are delighted to work alongside Thomson Reuters on this landmark initiative,” said Alex Nourry, partner and head of the London Antitrust Practice at Clifford Chance. “Combining our understanding of competition and anti-corruption with the leadership that Thomson Reuters brings to technology solutions has resulted in a vital source of learning.”
“This partnership with Clifford Chance is an exciting proposition for us as a business,” said Mark Schlageter, managing director, Governance, Risk & Compliance, Thomson Reuters. “We have seen tremendous demand for our eLearning solutions as organisations better understand the need to equip compliance teams with the most up-to-date and relevant information to support corporate governance processes. The partnership supports our ongoing commitment to meet clients’ demanding regulatory and best practice requirements, structuring delivery around the real needs of users.”