Training Your Staff
Practitioners must ensure all staff receive appropriate AML/CTF training, covering both the requirements of the regime and your practice’s internal processes.
Training should include:
- Understanding and managing ML/TF risks
- Identifying red flags and suspicious activity
- Reporting obligations and escalation processes
Training must be provided:
- Initially, when staff commence employment or engagement, and
- Ongoing, to ensure awareness remains current and effective
You must also conduct personnel due diligence on staff before and during their employment or engagement.
All training activities must be documented within your AML/CTF Policies. The Compliance Officer is responsible for overseeing staff training and ensuring it remains up to date and effective.
Practice tip:
Regular, practical training sessions—such as scenario-based workshops—help staff recognise suspicious behaviours and understand when to escalate issues.