Staff training & awareness

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Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017), SI 2017/692, as amended, a relevant person must take appropriate measures to ensure that its relevant employees and agents it uses for the purposes of its business whose work is of a kind covered by the definition of relevant employee are:

  1. •

    made aware of the law relating to money laundering, terrorist financing and proliferation financing, and to the requirements of data protection which are relevant to implementation of the MLR 2017

  2. •

    regularly given training in how to recognise and deal with transactions and other activities or situations which may be related to money laundering, terrorist financing and proliferation financing

Determining what measures are appropriate

In determining what is appropriate you must take account of:

  1. •

    the nature of your business

  2. •

    the size of the organisation

  3. •

    the nature and extent of the money laundering/terrorist financing/proliferation financing risks to which your business is subject

You may also take into account

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