ML 6.3 Training
A relevant firm must take reasonable care to provide appropriate anti-money laundering training for its staff who handle, or are managerially responsible for the handling of, transactions which may involve money laundering.
- (1)
In taking reasonable care for the purposes of ML 6.3.1 R, the relevant firm should provide training which:
- (a)
deals with the law on money laundering, and the responsibilities of staff under the relevant firm's arrangements;
- (b)
is applicable to all staff who handle, or are managerially responsible for the handling of, transactions which may involve money laundering (see ML 6.2.1 R); and
- (c)
takes place with sufficient frequency to ensure that within any period of 24 months it is given to substantially all of the staff referred to in (b).
- (a)
- (2)
Contravention of (1) may be relied on as tending to establish contravention with ML 6.3.1 R.
- (3)
Compliance with (1) may be relied on as tending to establish compliance of ML 6.3.1 R.