Financial in­sti­tu­tions’ em­ploy­ees cer­ti­fied as Pro­fes­sional Cash Han­dlers

The Malta Business Weekly - - NEWS -

More than 60 em­ploy­ees from var­i­ous financial in­sti­tu­tions in Malta and Gozo have been awarded the Pro­fes­sional Cash Han­dlers’ Cer­ti­fi­ca­tion af­ter com­plet­ing in­ten­sive train­ing or­ga­nized by the Cen­tral Bank of Malta in col­lab­o­ra­tion with the Financial In­tel­li­gence Anal­y­sis Unit.

The on­line train­ing com­prises of two mod­ules, namely, the “Know Your Ban­knotes” and the “An­ti­Money Laun­der­ing” mod­ules. Each mod­ule is fol­lowed by an as­sess­ment and a high grade is re­quired in or­der to ob­tain cer­ti­fi­ca­tion. The train­ing en­ables cash han­dlers to in­ter­pret the var­i­ous se­cu­rity ban­knote fea­tures at a glance, with­out the aid of ban­knote au­then­ti­ca­tion de­vices, as well as to be­come knowl­edge­able about the anti-money laun­der­ing pro­ce­dures and re­port­ing prac­tices.

Dur­ing a cer­e­mony, which was held at the Emi­grants’ Com­mis­sion in Val­letta on the 27 Oc­to­ber, staff mem­bers from sev­eral financial in­sti­tu­tions were pre­sented with cer­tifi­cates of pro­fi­ciency by Paul Mus­cat, Di­rec­tor Financial Ser­vices, Cen­tral Bank of Malta.

Cer­tifi­cates were also pre­sented to the re­spec­tive financial in­sti­tu­tions.

The main ob­jec­tive of the elearn­ing pro­gramme or­ga­nized by the Cen­tral Bank of Malta with the col­lab­o­ra­tion of the FIAU is to cer­tify all lo­cal cash han­dlers on au­then­tic­ity and fit­ness of euro ban­knotes and money laun­der­ing pro­ce­dures.

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