955.01AMLOFederal Council OrdinanceJan 1, 2016Original source
A lead auditor has the necessary specialist knowledge and practical experience to be licensed for audits in accordance with Article 24a AMLA if he or she provides proof of the following:
professional experience of five years in the provision of auditing services related to the AMLA;
200 audit hours related to the AMLA;
four hours of continuing professional development courses related to the AMLA within one year prior to submitting the licence application.
A lead auditor shall continue to possess the necessary specialist knowledge and practical experience for auditing in accordance with Article 24a AMLA after licensing if he or she provides proof of the following:
100 audit hours related to the AMLA in the last four years;
four hours of continuing professional development courses each year related to the AMLA.
The licence for auditing in an oversight area in accordance with Article 11a paragraph 1 letters a-c of the Auditor Oversight Ordinance of 22 August 20071or granted in accordance with Article 62 FinIA2also provides authorisation to conduct audits related to the AMLA.