What AML/CFT obligations must accountable institutions comply with?

These include: 

  • Customer Due Diligence (CDD) 
  • Ongoing monitoring 
  • Record keeping 
  • Reporting suspicious transactions 
  •  Developing and maintaining Risk assessments 
  • Staff training 
  • Internal controls and compliance programmes 
  • Appointment of a Money Laundering Reporting Officer (MLRO)