Learn what you need to do for initial customer due diligence (CDD) if your customer is a government body.
Learn about the new designated services for buying or selling precious metals, stones and products, or a combination of these items, for $10,000 or more in physical currency (cash such as bank notes or coins, whether Australian or foreign currency) or virtual assets.
Learn what you can do to identify individuals who don’t have standard identification. This identification is needed as part of your customer due diligence (CDD) obligations.
Learn how you can use alternative identification procedures to identify Aboriginal and Torres Strait Islander individuals who don’t have standard identification.
Learn how to decide if it’s appropriate to use reliance, including with a foreign entity.
Learn how to identify and assign customer risk ratings if you have a smaller, less complex business.
Learn when you can rely on know your customer (KYC) information that’s been collected and verified by a third-party reporting entity or a foreign business subject to anti-money laundering and counter-terrorism financing (AML/CTF) regulation. This is known as ‘reliance’.
Learn when you must conduct enhanced customer due diligence (CDD) to manage and mitigate your customer’s money laundering, terrorism financing and proliferation financing risks. We refer to these as ML/TF risks.
You must continuously monitor your customers to appropriately identify, assess, manage and mitigate money laundering, terrorism financing
Learn what you must monitor your customers for as part of ongoing customer due diligence (CDD).