Who is responsible for anti-money laundering?

Asked Jan 16, 2023· 1 answer
Faisal KhanAnswered Jan 16, 2023

The solution provider is. That is the beauty of this setup. You are not legally responsible for any such issues as AML, CFT, PF, KYC, KYCC, CIP, Compliance. All the 3-letter acronyms you can throw at it, the service provider is responsible for it. You are not responsible for such areas.

Needless to say, if you are a licensed entity, then you are responsible for regulatory compliance.

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