KYC and AML requirements mandate enhanced due diligence and STR filing for suspicious money changing transactions and PEPs. When an authorised money changer suspects money laundering or cannot apply low risk treatment, it must perform full scale customer due diligence prior to transactions; where CDD cannot be completed the authorised person must not transact, must terminate the business relationship if necessary, and must file a Suspicious Transaction Report with FIU IND. PEP transactions require senior level approval and enhanced ongoing monitoring, and the Principal Officer must ensure overall compliance. These obligations extend to agents/franchisees and are issued under foreign exchange and anti money laundering laws with penal consequences for non compliance.