Responsible Lending Anti-Money Laundering and Counter‐Terrorism Financing Act The Anti-Money Laundering and Counter Terrorism Financing Act (the Act) requires each designated service provider (reporting entity) to put in place a compliance program (the AML/CTF program) to identify, mitigate and manage the risk of its company, products or services facilitating money laundering or terrorism financing. Duty to Report The Act puts the duty to report on the Financial Institution. Whilst it is the staff who comprise … Continue reading Responsible Lending