Training

Legislation relating to running of remittance operation and related businesses is much greater than most other sectors.  As a consequence, this is a key area of activity for STWMT.  Over the last two years the company has provided training:-

1. Maintaining systems and controls in relation to Money Laundering Regulations
2. Customer identification and record keeping
3. Awareness of the provision of the Regulations and applying anti money laundering procedures at all times.
4. Training in the provision of POCA 2002 Part 7 and Terrorism Act 2002 Section 18 and 20a.
5. Regulation 7 requiring staff to disclose any suspicious money launderer.

All training and policy relating to regulation governing remittance is covered within STWMT Compliance Manual 2005 – UK Money Transfer.