As per Paragraph 16.23 of the Standards LEH must provide comprehensive AML/CFT compliance training to all employees. The effective application of AML/CFT policies and procedures depends on the employees understanding not only of the processes they are required to follow, but also the risks these processes are designed to mitigate, and the possible consequences of those risks. Employees should remain abreast on an ongoing basis of emerging ML/FT typologies and new internal and external risks. The AML/CFT compliance training should be relevant to the LEH’s ML/FT risks, business activities and up to date with the latest legal and regulatory obligations and internal controls. It should be tailored to particular lines of business within the LEH, equipping employees with a sound understanding of specialized ML/FT risks they are likely to face, and their obligations in relation to those risks and must be provided to all new employees within thirty (30) calendar days from the date of joining. Thereafter, refresher training must be provided to all employees at regular intervals depending on the ML/FT risk exposure of each employee; for example, employees who deal directly with customers, products or services must be trained annually at a minimum. Refresher training must also be provided whenever there are changes in the legal and regulatory framework in force in the UAE or the LEH’s AML policy/procedures. Furthermore, the AML/CFT compliance training should be provided to relevant employees upon learning of a confirmed negative risk assessment result or audit finding, or other deficiency pertaining to the AML/CFT Program. Evidence for all trainings conducted must be retained for inspection by the CBUAE.