Training ensures that staff/agents are aware of their suspicious activity reporting obligations and understand and how to comply with a firm’s AML policies.
What we found in our 2022/23 AML monitoring reviews
We find that some firms haven’t provided sufficient AML training to their staff. It’s a good idea to design a formal training plan to ensure the right staff receive the right training and firms should keep a log of staff training. Getting staff to sign and date the log can help emphasise how important it is that they always follow their training.
Resources to support compliance
Read the report
Read our 2022/23 anti-money laundering supervision report for more detail on the results of our monitoring reviews.
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