You must continuously monitor your customers to appropriately identify, assess, manage and mitigate ML/TF risks.
This guidance outlines good and poor practice examples to help you understand how to effectively conduct PDD and AML/CTF training for your personnel.
You must monitor all customers when providing designated services to identify, assess, manage and mitigate the ML/TF risks you may reasonably face.
You must take steps to respond to unusual transactions and behaviour that you identify. Find out how to determine if a transaction or behaviour is unusual and how to respond.
How you conduct initial and ongoing customer due diligence (CDD) obligations for existing customers depends on the date you were in a business relationship with them.
Your customer’s ML/TF risk profile and KYC information may change over time. You need to review and update your customer's ML/TF risks and KYC information.
Establishing source of funds and source of wealth can help you determine if funds come from a legitimate source, or if criminals may be trying to hide funds or wealth derived from illicit sources.
This guidance outlines the additional obligations you have if you identify a person is a politically exposed person (PEP).
Sanctions are measures that a government or the United Nations Security Council imposes in response to a situation of international concern.