Regulation 9

implement screening procedures for the hiring and appointment of fit and proper persons as employees and officers; (b)ensure that his employees and officers, whether in Singapore or elsewhere, are given appropriate training on —

the laws for the prevention of money laundering, terrorism financing 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 the United Nations Act 2001; (ii)prevailing methods of, and trends in, money laundering, terrorism financing and proliferation financing; and

the moneylender’s internal policies, procedures and controls for the prevention of money laundering, terrorism financing and proliferation financing, including the roles and responsibilities of employees and officers of the moneylender in relation to those internal policies, procedures and controls; and

ensure that the employees and officers referred to in sub-paragraph (b) are given regular training to keep abreast of changes to the matters in sub-paragraph (b)(i), (ii) and (iii).