How it works in practice
Build a risk-based program: risk assessment, policies, training, third-party screening, financial controls, and investigation protocols. Coordinate China rules with FCPA, UK Bribery Act, or other home-country laws that may still apply to the group. For ownership transparency, pair this page with the UBO explainer.
FAQ
Are small festival gifts always illegal?
Not always, but thresholds, recipients, and frequency matter. Policies should define approval, recording, and red lines—not informal custom alone.
Is AML only a bank problem?
Banks are front-line, but companies still face criminal, administrative, and reputational risk from proceeds of crime and sanctions evasion.