1. Risk Assessment: Identifying and assessing potential risks related to money laundering and terrorism financing. 2. Policy Development: Creating comprehensive policies and procedures tailored to the specific needs of the business. 3. Employee Training: Ensuring all employees are well-trained and aware of their roles in AML compliance. 4. Regular Audits: Conducting regular audits and reviews to ensure ongoing compliance and identify areas for improvement. 5. Leveraging Technology: Utilizing advanced technologies to enhance detection and reporting capabilities.