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REQUEST FOR ESTABLISHMENT / UPDATE OF A BUSINESS RELATIONSHIP THE PURPOSE OF establishing a business relationship other:Pursuant to the Anti Money Laundering and Terrorism Financing Act (OG 108/2017
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How to fill out guideline on anti-money laundering

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How to fill out guideline on anti-money laundering

01
Understand the laws and regulations pertaining to anti-money laundering.
02
Collect and verify customer information to ensure compliance with KYC (know your customer) requirements.
03
Monitor transactions for suspicious activity and report any potential money laundering to the appropriate authorities.
04
Implement internal controls and procedures to prevent money laundering within your organization.
05
Conduct regular training for staff members to educate them on anti-money laundering practices and procedures.

Who needs guideline on anti-money laundering?

01
Financial institutions such as banks, credit unions, and money transmitters.
02
Businesses involved in high-risk industries such as gambling, real estate, and jewelry.
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Individuals and businesses involved in international trade and transactions.

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Guidelines on anti-money laundering are a set of rules and procedures designed to prevent the illegal practice of disguising the origins of money obtained through criminal activities.
Financial institutions, money services businesses, and other entities engaged in financial activities are required to file guidelines on anti-money laundering.
To fill out guidelines on anti-money laundering, entities must provide detailed information on their financial transactions, customers, and anti-money laundering procedures.
The purpose of guidelines on anti-money laundering is to combat money laundering, terrorist financing, and other illicit financial activities.
Entities must report information on their customers, financial transactions, and any suspicious activities that may indicate money laundering.
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