AML Board

An AML board is a committee or group within an organization tasked with overseeing anti-money laundering efforts and ensuring compliance with relevant regulations. This board may include senior management, compliance officers, legal advisors, and other stakeholders responsible for setting AML policies, reviewing reports, and making strategic decisions to strengthen the organization’s AML program.

The AML board plays a vital role in ensuring that AML practices align with regulatory requirements and industry standards. They also oversee training, policy updates, and the integration of new technologies to enhance the effectiveness of AML controls.