KYC/AML obligations require enhanced due diligence for customers from FATF identified risky jurisdictions and documented transaction monitoring. Authorised Persons in money changing must apply KYC/AML/CFT measures, consider FATF identified high risk jurisdictions and other public information, and give enhanced scrutiny to dealings with persons and entities from jurisdictions that do not or insufficiently apply FATF recommendations. They must conduct ongoing monitoring, investigate transactions lacking an apparent lawful purpose, document findings and retain records for regulatory inspection. These obligations apply to agents and franchisees, with the Authorised Person accountable for ensuring compliance; non compliance may attract statutory penalties.