Training Programs
Every employee must undergo anti laundering training within a week of joining the firm. It is the duty of every departmental head to ensure that every new recruit and employee in his/her department have undergone aforesaid training. Further no candidate should be selected who has ever been convicted of offence under Money Laundering Act or any other civil or criminal Act.
We will develop ongoing employee training under the leadership of the principal officer our training will occur on at least an annual basis. It will be based on our company's size its customer base and its resources.
Our training will include at a minimum how to identify red flags and signs of money laundering that arise during the course of the employees duties. What to do once the risk is identified what employees role are in the company's compliance efforts and how to perform them. The company's record retention policy and the disciplinary consequences (including civil and criminal penalties) for non-compliance with the PMLA act.
We will develop training in our company or contract for it. Delivery of the training may include educational pamphlets, videos, internet systems in-person lectures and explanatory memos.
We will review our operations to see if certain employees, such as those in compliance margin and corporate security required specialized additional training our written procedures will be updated to reflect any such changes.