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AML 12.1.1 Guidance

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

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1. The DFSAG considers it appropriate that all new relevant Employees of a Relevant PersonG be given appropriate AML training as soon as reasonably practicable after commencing employment with the Relevant PersonG .
2. Relevant PersonsG should take a risk-based approach to AML training. The DFSAG considers that AML training should be provided by a Relevant PersonG to each of its relevant EmployeesG at intervals appropriate to the role and responsibilities of the EmployeeG . In the case of an Authorised FirmG the DFSAG expects that training should be provided to each relevant EmployeeG at least annually.
3. The manner in which AML training is provided by a Relevant PersonG need not be in a formal classroom setting, rather it may be via an online course or any other similarly appropriate manner.
4. A relevant EmployeeG would include a member of the senior management or operational staff, any EmployeeG with customer contact or which handles or may handle customer monies or assets, and any other EmployeeG who might otherwise encounter money laundering in the business.
Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]
[Amended] DFSA RM223/2018 (Made 18th April 2018). [VER14/07-18]
[Amended] DFSA RM258/2019 (Made 26th June 2019). [VER16/07-19]