AML Block

An AML block is an action taken to temporarily or permanently halt a transaction or account activity when suspicious behavior is detected. This measure is put in place to prevent potential money laundering until further investigation can be conducted. An AML block can be triggered automatically by a compliance system or manually by compliance officers when suspicious activities meet certain criteria.

Implementing AML blocks helps organizations mitigate risks and maintain compliance with regulatory requirements. It ensures that potential illicit transactions are stopped before they can progress, protecting both the organization and the financial system from exposure to illegal activities.