Employment in Financial Services
Contributing Editor
In a rapidly evolving regulatory landscape, employers in the financial services sector must ensure they are fully compliant with local employment rules and procedures. Helping to mitigate risk, IEL’s guide provides clear answers to the key issues facing employers in the sector
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08. Are there particular training requirements for employees in the financial services sector?
08. Are there particular training requirements for employees in the financial services sector?
Belgium
Belgium
- at Van Olmen & Wynant
To keep the “fit and proper” authorisation, the concerned persons must ensure that they follow the relevant training.
Regarding the prevention of money laundering, financial institutions must ensure that personnel whose function requires it is aware of the legislation, knows the internal policies, is aware of the internal reporting procedure and receives special continuing education programmes (article 11, §1, Act of 18 September 2017).
At a sectoral level, JC Nos. 310 and 341 provide for an individual right to five days of training per year per full-time equivalent employee.