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CDD arrangements and liability

Reliance on a case-by-case basis

Reporting entities must have an AML/CTF program in place to identify, mitigate and manage the risk of money laundering and terrorism financing.

Reporting entities must assess the level of ML/TF risk their business and organisation may face, and develop policies and procedures to identify, mitigate and manage that risk.

This guidance is designed to help your business meet your risk management obligations. You may choose a different way to manage risk which is more suited to your business and the risks it faces.

Reporting entities must appoint an AML/CTF compliance officer to make sure they comply with their AML/CTF obligations.