Regulation 37

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

ensure that X’s employees, whether in Singapore or elsewhere, are trained on —

the laws for the prevention of money laundering, proliferation financing and terrorism financing, including this Part, the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992, the Terrorism (Suppression of Financing) Act 2002 and other legislation concerning the prevention of money laundering, proliferation financing or terrorism financing that the Registrar may specify;

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

X’s internal policies, procedures and controls for the prevention of money laundering, proliferation financing and terrorism financing, including the roles and responsibilities of employees, registered qualified individuals and officers of X in relation to these internal policies, procedures and controls.