Regulation 21

implement screening procedures for the hiring of fit and proper individuals as employees; and

ensure that the employees of the accounting entity, whether in Singapore or elsewhere, are trained on —

the laws for the prevention of money laundering, the financing of terrorism and proliferation financing, including —

these Rules;

the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992;

the Terrorism (Suppression of Financing) Act 2002; and

any other legislation concerning the prevention of money laundering, the financing of terrorism or proliferation financing as may be specified by the Authority;

prevailing methods of, and trends in, money laundering, the financing of terrorism and proliferation financing; and

the accounting entity’s internal policies, procedures and controls for the prevention of money laundering, the financing of terrorism and proliferation financing, including the roles and responsibilities of employees and officers of the accounting entity in relation to such internal policies, procedures and controls.

in the case of paragraph (1)(a) — the date the accounting entity implemented the screening procedures; and

in the case of paragraph (1)(b) — the date the training of the respective employee ended.