The EU Regulation requires AML training to be provided on an “ongoing” basis. As with most legislation, the Anti-Money Laundering Regulations have been and will continue to be amended from time to time. As a result, all firms are required to update their training content and to provide regular updates to all ‘relevant’ staff.

The OCC AML Core Group provides content updates and new 30 minute “refresher programmes” for all its AML courses. Since the first version of the AML course was rolled out in June 2005 there have been three content updates with another dealing with the 3rd Directive due in the Summer of 2007.