ML 6
Awareness
of and training for staff
ML 6.1
Purpose
- 01/12/2004
ML 6.1.1
See Notes
The
purpose of this chapter is to ensure that staff in relevant firms are:
(1) made aware of; and
(2) given regular training about;
what is expected
of them in relation to prevention of money
laundering, and what the consequences are for the relevant firm and for
them if they fall short of that expectation.- 01/12/2001
ML 6.2
Awareness
- 01/12/2004
ML 6.2.1
See Notes
A relevant
firm must take reasonable steps to ensure that staff who handle,
or are managerially responsible for the handling of, transactions which may involve money laundering are aware
of:
(1) their responsibilities under the relevant firm's arrangements
made under this sourcebook, including those for obtaining sufficient evidence
of identity, recognising and reporting knowledge or suspicion of money laundering and use
of findings of material deficiencies;
(2) the identity and responsibilities of
the MLRO or
a person authorised
by the Director General of NCIS;
(3) the law relating to money laundering, including the Money Laundering
Regulations and this sourcebook; and
(4) the potential effect, on the relevant firm, its employees and its clients, of any breach
of that law.
- 01/03/2004
ML 6.2.2
See Notes
(1) A relevant
firm should provide information, whether recorded in writing
or otherwise, which:
(a) covers the matters in ML 6.2.1
R;
(b) is brought to the attention of any member
of staff who starts to work in any capacity within a relevant firm which is covered by this sourcebook;
and
(2) Contravention of (1) may be relied on
as tending to establish contravention of ML 6.2.1
R.
(3) Compliance with (1) may be relied on
as tending to establish compliance with ML 6.2.1
R.
- 01/12/2001
ML 6.2.3
See Notes
Staff need to have an awareness of anti-money laundering legislation
in the United Kingdom,
including a clear understanding of their own potential criminal liability.
- 01/12/2001
ML 6.2.4
See Notes
Staff are likely to need information
about the ways in which their clients'
involvement in money laundering may
affect bank and other accounts and other assets, in particular if a relevant firm decides
it is unable to process transactions,
because of the risk of committing a money
laundering offence. They are also likely to need information
about the ways in which the relevant
firm may itself be at risk if (without the consent of NCIS) it processes transactions which involve
the proceeds of crime.
- 01/12/2001
ML 6.3
Training
- 01/12/2004
ML 6.3.1
See Notes
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.
- 01/12/2001
ML 6.3.2
See Notes
(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).
(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.
- 01/12/2001
ML 6.3.3
See Notes
These requirements do not preclude a
rolling programme of training, under which training on different subjects
takes place on different dates.
- 01/12/2001