It is the responsibility of financial institutions to establish and implant programmes, policies, procedures and controls that are necessary to prevent or detect money laundering. These include;

• Established procedures to ensure high standards of integrity of  employees
• Evaluation of employees’ personal employment and financial history
• Training programmes for employees in the recognition and handling of transactions by persons believed to be engaged in money laundering
• Independent audit to ensure established programmes are being implemented
• Establish  identification and transaction verification procedures and record-keeping procedures in accordance with regulations under the Act.