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National Educational Programme for Professional Cash Handlers: “Know your banknotes” and “Anti-Money Laundering” Training

Financial Institutions - Employees Certified as Professional Cash Handlers

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 (FIAU).

The online training comprises of two modules, namely, the "Know Your Banknotes" and the "Anti-Money 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 2015, staff members from several financial institutions were presented with certificates of proficiency by Mr Paul Muscat, Director Financial Services, Central Bank of Malta.

Certificates were also presented to the respective financial institutions.

The main objective of the e-learning 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.