This decision defines the activities, financial operations, and designated non-financial businesses and professions, as well as their obligations in identifying and mitigating risks. It includes due diligence measures for customers, such as verifying the identity of the client and the beneficial owner and implementing the necessary steps to manage risks. The decision highlights the importance of reporting suspicious transactions and clarifies the responsibilities of financial institutions and designated non-financial businesses in cases of suspected crimes or their association. It also specifies the internal policies, procedures, and controls required to combat financial crimes, with a focus on assessing the risks of money laundering and terrorist financing before launching new products or technologies. Furthermore, the decision addresses transparency, identification of the beneficial owner, confidentiality of information related to suspicious transactions, and defines the duties and responsibilities of the Financial Intelligence Unit.