Terms

In AML terminology, Designated Service covers services listed by law that trigger AML compliance, monitoring, and reporting duties.

Discover CDD basics in AML – identity checks, risk profiling, and ongoing monitoring to protect your business from money laundering and fraud.

Learn what Know Your Customer (KYC) means in anti-money laundering compliance – identity verification, risk assessment and due diligence obligations.

Table of Contents Quick Guide: Tipping Off in Practice Meaning: From 31 March 2025 it is a criminal offence to disclose certain protected information to

A dedicated guide to transaction monitoring for Tranche 2 businesses. See how lawyers, accountants, & real estate agents must monitor funds under AML/CTF laws.

Understand your SMR (Suspicious Matter Report) obligations. Explore the criteria for “reasonable suspicion,” reporting timelines, & AML/CTF Act compliance rules.

Explore the definition of a Senior Manager in the context of AML. Know about the responsibilities, accountability, & regulatory expectations for the compliance.

Learn what an AML risk assessment is – a process to find and check money laundering risks across customers, services, and countries so they can be managed.

Learn what a Reporting Entity is in Anti-Money Laundering (AML), the legal definition, key obligations, and examples of entities.

Discover what is physical currency, its legal definition, examples of cash use, and why it matters for AML/CTF compliance and reporting.