Text for AML Update Service
AML Update: Cryptocurrencies and Other New Technologies (Update)
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 11/09/2024
- Word count
- 113
- Deployment measure
- 8/10
Rationale
An important addition elaborating on the level of due diligence required where cryptocurrencies have converted into fiat currency for the purposes of the transaction proceeding.
Due diligence should include obtaining statements and trade histories and considering whether the information provided by the client is sufficient to establish the legitimacy of the original funds or whether
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