Anti-money laundering rules are not only for banks. Many businesses — including real estate agents, dealers in precious metals and professional service firms — have obligations of their own.

The basics of a compliant programme

  • Know your customer: verify identities and understand who ultimately owns or controls the client
  • Risk assessment: document which clients, products and countries present higher risk
  • Record keeping: retain identification and transaction records for the required period
  • Reporting: know how and when to report suspicious activity

Training matters

Controls only work if staff recognise warning signs. Short, regular training sessions are more effective than a single annual presentation.

We help businesses design proportionate AML policies and review existing ones.