Businesses operating in regulated sectors are generally required to implement AML programmes. These sectors include:
- Banks and financial institutions
- Payment institutions and EMIs
- Crypto asset service providers
- Investment firms
- Insurance companies
- Gaming and gambling businesses
- Corporate service providers
- Real estate firms
- Accountants and auditors
- Legal professionals
AML programmes typically include policies and procedures, risk assessments, AML training, customer due diligence processes, transaction monitoring, suspicious activity reporting, sanctions controls, and governance frameworks.
