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AML/CFT Services
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What’s Anti Money Laundering & Counter-Terrorist Financing?
AML/CFT laws are a set of regulations introduced with following objectives:
Act against money laundering.
Create a legal framework and practices to combat AML & CFT.
Prevent terrorists from abusing financial systems.
Take substantial action against the organizations involved in suspicious activities.
Critical AML Requirements
STRs/SARs
Regulatory entities are required to file a Suspicious Activity Report or Suspicious Transaction Report with the FIU through the go AML portal.
KYC/CDD
KYC (Know Your Customer) and CDD (Customer Due Diligence) are part of the AML/ CFT program that all financial institutions, DNFBPs and VASPs must follow.
MONITORING
Regulatory entities are required to file a Suspicious Activity Report or Suspicious Transaction Report with the FIU through the go AML portal.