Staff training, supervision, education, etc

(1) IFS Practitioners shall ensure that their relevant staff are adequately trained and supervised to ensure proper compliance with these Regulations and any other relevant laws, etc. regulations and procedures, as the case may be. (2) IFS Practitioners and their relevant personnel shall familiarise themselves with the risks of inadvertent involvement in money laundering or other criminal activity and, at induction, and routinely thereafter, measures should be taken to ensure that they are aware of these Regulations and any relevant guidelines and procedures relating to the recognition and avoidance of such criminal activities. (3) IFS Practitioners shall encourage vigilance amongst their staff to avoid involvement in money laundering or other criminal activity not only where such staff accept investment or deal directly with clients but also where appropriate, among clerical, secretarial or administrative staff and, in particular, in accounting departments. (4) IFS Practitioners shall ensure staff compliance with these Regulations and relevant guidelines; and internal policies shall be monitored on a regular basis including compliance with procedures for establishing and maintaining appropriate