In addition to providing accounting and advising services, accountants and accounting firms act on behalf of their customers. If you carry out any of the following actions on behalf of a client, you must implement anti-money laundering/counterterrorism financing (AML/CFT) controls as a registered accounting company, certified chartered accountant, general accountant, or management accountant:
As a licenced insurance firm, agent, or broker, you are a "regulated entity" if you:
Paying or receiving funds
Selling, purchasing or the transferring of real estate, securities, or other business assets
On behalf of an insurer or customer, you request, negotiate, or initiate insurance contracts