AML Check

An AML check is a process used to verify the risk associated with a customer or transaction to ensure compliance with anti-money laundering regulations. This check often involves customer due diligence (CDD), enhanced due diligence (EDD) for higher-risk clients, and monitoring of transactions against predefined criteria for unusual or suspicious activities.

AML checks help organizations identify potential money laundering attempts and safeguard against financial crimes. They are crucial for maintaining a compliant operation and protecting the organization from regulatory fines and reputational damage.