AML Controls

AML controls refer to the policies, procedures, and tools that organizations put in place to prevent and detect money laundering activities. These controls include customer due diligence, ongoing transaction monitoring, employee training, and internal audits. Strong AML controls help organizations comply with regulatory requirements, mitigate risks, and safeguard their operations against potential financial crimes.

Effective AML controls ensure that any suspicious behavior is detected early and managed appropriately, reducing the chances of exposure to money laundering schemes. Regular updates and reviews of these controls help adapt to new regulatory standards and evolving risks.