AML/CFT for all payment service providers

What are the AML/CFT requirements for ALL licensed payment companies?


The non-exhaustive AML/CFT requirements include the following:

  • Identify, assess and understand their ML/TF risks;
  • Develop and implement policies, procedures and controls for the effective management of such risks
  • Customer due diligence (CDD)
  • Transaction monitoring
  • Screening
  • Suspicious transactions reporting; and
  • Record keeping


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