Regulations Governing Internal Audit and Internal Control System of Anti-money Laundering and Countering Terrorism of Agricultural Financial Institutions Article 9

An agricultural financial institution shall establish screening and hiring procedures to ensure high standards when hiring employees, including examining whether the prospective employee has character integrity and the professional knowledge required to perform his/her duty.The chief AML/CFT compliance officer, the AML/CFT personnel and the AML/CFT supervisors of the business units of an agricultural financial institution shall meet one of the following qualification requirements in three (3) months after appointment/assignment to the position and the agricultural financial institution shall set out relevant control mechanism to ensure compliance with the provisions hereof:1. Having served as a legal compliance or AML/CFT personnel on a full-time basis for at least three (3) years;2. Having attended at least 24 hours of courses offered by institutions recognized by the COA or Agricultural Bank of Taiwan, passed the exams, and received completion certificates therefor. But personnel who have met the qualification requirement for the legal compliance personnel are deemed to meet the qualification requirement under this Subparagraph after they have attended at least 12 hours of training on AML/CFT offered by institutions recognized by the COA; or3. Having received an AML/CFT professional certificate issued by an international or a domestic institution recognized by the COA.The chief AML/CFT compliance officer, the AML/CFT personnel and the AML/CFT supervisors of domestic business units of an agricultural financial institution shall annually attend at least 12 hours of training on AML/CFT offered by institutions recognized by the COA or Agricultural Bank of Taiwan or internal or external training units consented by the chief AML/CFT compliance officer mentioned in Paragraph 1of Article 7 herein. The training shall cover at least newly amended laws and regulations, trends and typologies of ML/TF risks. If the person has obtained an AML/CFT professional certificate issued by an international or a domestic institution recognized by the COA in a year, the certificate may be used to substitute the training hours for the year.An agricultural financial institution shall annually arrange appropriate hours and contents of training on AML/CFT for its directors (council members), supervisors, president (secretary general), legal compliance personnel, internal auditors, and business personnel in view of the nature of its business, to familiarize them with their AML/CFT duties and equip them with the professional knowhow to perform their duties.