Systems and controls
Authorised Firmmust have appropriate arrangements in place to ensure that an individual assessed as being competent under Rule 7.6.6 maintains his competence.
GEN 7.6.13 GEN 7.6.13
Authorised Firmmust ensure, in the case of individuals seeking to perform the Licensed Functionsof Senior Executive Officer, Money Laundering Reporting Officeror Compliance Officer, that such individuals are able to demonstrate sufficient knowledge of relevant anti money laundering requirements.
GEN 7.6.13 Guidance
In considering whether individuals have sufficient knowledge of relevant anti money laundering requirements, the
DFSAmay be satisfied where the individual can demonstrate receipt of appropriate training specifically relevant to such requirements.
GEN 7.6.15(1) An
Authorised Firmmust keep records of the assessment process undertaken for each individual under this chapter.(2) These records must be kept for a minimum of six years from the date of the assessment.