Custom print

FC-5.1.1

Past version: Effective from 18 Jul 2025 to 30 Jun 2007
To view other versions open the versions tab on the right

Investment firm licensees 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) the licensee'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-4.1;
(g) the licensee's procedures for making an internal report as per Section FC-4.1; and
(h) customer due diligence measures with respect to establishing business relations with customers.