Know Your Customer obligations require risk based due diligence for money changers in light of FATF jurisdictional AML/CFT deficiencies. Authorised Persons in money changing activities must apply a risk based Know Your Customer regime by considering FATF identified jurisdictional AML/CFT deficiencies when dealing with persons or businesses from those jurisdictions, circulate the guidance to constituents, and have the Principal Officer acknowledge receipt; non compliance may attract penalties under the applicable foreign exchange and anti money laundering statutes and rules.