# AML and identity controls in payment and e-money institutions

> The control processes of payment and e-money institutions are determined by scope of activity and the applicable regulations.

Canonical: https://legichain.com/en/resources/aml-and-identity-controls-for-payment-and-e-money-institutions

The control processes of payment and e-money institutions are determined by scope of activity and the applicable regulations. Name screening or video identification alone does not satisfy every obligation.

## Customer onboarding

Determine which identity steps are required according to the institution and the process. Do not infer a video call requirement automatically from another sector's regulation.

## Sanctions and risk assessment

Examine the identity accuracy and the risk context of a name match separately. Do not present a threshold or closure rule as a universal product default.

## Ongoing process and records

Manage reassessment, record-keeping and reporting processes with the institution's procedures. If transaction monitoring or automatic reporting is not in the product scope, do not describe it as part of the screening feature.

## Sources

- [Law No. 5549 on Prevention of Laundering Proceeds of Crime (Turkish)](https://masak.hmb.gov.tr/5549-sayili-suc-gelirlerinin-aklanmasinin-onlenmesi-hakkinda-kanun-2)

_Sources were checked as part of the review dated 9 September 2026. Refer to the official text for current provisions._

> This content is general information. Determine the requirements that apply to your institution from current official sources and your own assessment process.

**See the related product scope** → [Payment and e-money solution](https://legichain.com/en/solutions/e-money)

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Legichain — technology for identity verification, AML and blockchain screening. Contact: contact@legichain.com