Guidelines on Anti-Money Laundering and Terrorist Financing

The Guidelines on Anti-Money Laundering and Terrorist Financing are rules designed to prevent illegal money from being used in legitimate financial systems. They require financial institutions to verify customers' identities, monitor transactions for suspicious activity, and report any concerns to authorities. The aim is to stop criminals from hiding illegal funds or financing terrorism, ensuring financial integrity and security. These guidelines promote transparency and help authorities track and disrupt illegal financial activities, ultimately protecting the economy and society from misuse of the financial system.