cryptohunter
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Companies based outside UK and operating in the country's jurisdiction have to adhere to strict regulations under the Anti-Money Laundering (AML) framework. These regulations are designed to prevent money laundering and financing of terrorism. Moreover, these regulations require companies to establish and execute procedures for customer identification and verification. Additionally, companies are mandated to assess the risk of unlawful activities and promptly report any transactions deemed suspicious. By implementing these measures, the UK's financial sector is committed to combatting financial crimes and maintaining the credibility of the global financial system.
