If you suspect a customer is laundering money, you should immediately take internal anti-money laundering (AML) measures to ensure your business is not being used for money laundering activities. Here are some steps you should take:
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Gather evidence: Gather all the information you have about the customer and their activities. Watch for unusual or suspicious transactions or behavior.
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Report suspicions: report suspicions immediately to the appropriate authority. In many countries, this is the relevant financial authority. Find out about the reporting requirements in your country and follow them closely.
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Block all transactions: Block all transactions related to the suspicion and ensure that no further transactions are made.
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Internal AML program: review your internal AML program and update it if necessary. Ensure that your employees are properly trained and that all internal procedures are followed.