Regulated businesses are generally expected to maintain written policies and procedures covering AML compliance.

These often address:

• customer verification. 
• risk assessment processes. 
• record keeping. 
• staff training. 
• reporting procedures. 
• internal monitoring arrangements. 

The extent of documentation required depends on the size and complexity of the business. Larger organisations are typically expected to maintain more detailed systems than smaller firms.

For template policies, see the corporate Anti-Money Laundering Policy and the business Anti-Money Laundering Policy Template