AML Policy for Online Merchants: Anti-Money Laundering Compliance

An AML Policy documents how your business identifies, assesses and mitigates the risk of your platform being used for money laundering or terrorist financing. Many acquiring banks require one as a condition of processing, regardless of whether your business is formally supervised under the Money Laundering Regulations 2017.

What Must It Include?

  • Business risk assessment

  • High-risk customer identification

  • Customer and business due diligence procedures (KYC/KYB)

  • Transaction monitoring

  • Suspicious Activity Report (SAR) process to the National Crime Agency (NCA)

  • Staff training

  • Record keeping in line with the Proceeds of Crime Act 2002 and MLR 2017

Who Needs One?

Businesses supervised under the Money Laundering Regulations 2017 including payment institutions, credit firms and certain professional services firms are legally required to have one.

 Beyond that, acquiring banks frequently require all merchants to provide a documented AML policy as a contractual condition, regardless of regulatory status.

What Do We Do for You?

We produce your AML Policy tailored to your business model, transaction volumes and specific acquirer requirements including the operational procedures behind the document, not just the written policy.

Has Your Acquirer Asked You for an AML Policy?

Tell us about your situation. No-obligation first consultation.

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