FC-6.1 FC-6.1 General Requirements
FC-6.1.1
A
licensee must take reasonable steps to provide periodic training and information to ensure that staff who handle customer transactions, or are managerially responsible for such transactions, are made aware of:(a) Their responsibilities under the AML Law, this Module, and any other relevant AML/CFT laws and regulations;(b) The identity and responsibilities of the MLRO and his deputy;(c) The potential consequences, both individual and corporate, of any breach of the AML Law, this Module and any other relevant AML/CFT laws or regulations;(d) Thelicensee's current AML/CFT policies and procedures;(e) Money laundering and terrorist financing typologies and trends;(f) The type of customer activity or transaction that may justify an internal report in accordance with Section FC-5.1;(g) Thelicensee's procedures for making internal report in accordance with Section FC-5.1; and(h) Customer due diligence measures with respect to establishing business relations with customers.October 2010FC-6.1.2
The information referred to in Paragraph FC-6.1.1 must be brought to the attention of relevant new employees of
licensees , and must remain available for reference by staff during their period of employment.October 2010FC-6.1.3
Relevant new employees must be given AML/CFT training within three months of joining a
licensee .October 2010FC-6.1.4
Licensees must ensure that their AML/CFT training for relevant staff remains up-to-date, and is appropriate given thelicensee's activities and customer base.October 2010FC-6.1.5
The CBB would normally expect AML/CFT training to be provided to relevant staff at least once a year.
October 2010FC-6.1.6
Licensees must develop adequate screening procedures to ensure high standards when hiring employees. These procedures must include controls to prevent criminals or their associates from being employed bylicensees .October 2010FC-6.1.6A
[This Paragraph was deleted in January 2022].
Deleted: January 2022
Added: January 2021
