High-risk industries
As per the regulation, MatchMove requires businesses operating in the following industries to undergo an Enhanced Due Diligence (EDD) process.
The continuation of the business relationship is subject to compliance checks and review processes.
Money or Value Transfer Services (MVTS) / Money Service Business (MSB) Customers |
Includes Money Changing and Remittance Services |
Regulated casinos and casino junkets |
Virtual Currencies |
Corporate Services Providers |
Correspondent Banks |
Payment Service Provider |
Art/Antique dealers, Auction houses, or dealers and traders in high-value goods |
Arms, defense, military |
Precious metals and stones |
Non-Profit Organizations (Includes regulated charities, foundations, cultural associations, private educational institutions, religious organizations, private health institutions, voluntary welfare organizations) |
Non-Government Organizations |
Embassies/Consulates |
PEPs Nexus / PEP Related / PEP Close Associate |
Regulated Banking and finance Entity in non-FATF member Jurisdictions |
Real Estate |
Licensed Trust Companies |
External Asset Managers |
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- High-risk industries