Article 320-23 into force since
- Version into force since
When recruiting employees, the asset management company shall consider the risks relating to the prevention of money laundering and terrorist financing, in accordance with employees' level of responsibility.
At the time of hiring, and periodically thereafter, it shall provide its personnel with information on and training in the applicable regulations and amendments, current money-laundering techniques, prevention and detection measures, and the procedures and terms referred to in Article 320-17. They shall be adapted to the functions performed, members, locations and risk classification.
It shall draft and implement written procedures to ensure compliance with the provisions relating to the prevention of money laundering and terrorist financing.
It shall take the necessary measures to ensure that recruitment within its subsidiaries takes into account, according to the level of responsibilities exercised, the risks relating to the fight against money laundering and terrorist financing, and that the above-mentioned information and training is provided to staff when they are recruited and on a regular basis thereafter.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02