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assessing the risk of your business being used by criminals to launder money
checking the identity of your customers
checking the identity of ‘beneficial owners’ of corporate bodies and partnerships
monitoring your customers’ business activities and reporting anything suspicious to the National Crime Agency (NCA)
making sure you have the necessary management control systems in place
keeping all documents that relate to financial transactions, the identity of your customers, risk assessment and management procedures and processes
making sure that your employees are aware of the regulations and have had the necessary training

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