AML Framework

An AML framework is the structured set of guidelines and practices that an organization implements to detect, prevent, and manage risks associated with money laundering. This framework typically includes policies for customer due diligence, transaction monitoring, employee training, risk assessments, and reporting suspicious activities. An effective AML framework helps organizations comply with regulations, mitigate risks, and protect their financial integrity.

Regularly updating the AML framework ensures that it aligns with current laws and regulations, allowing the organization to respond to evolving money laundering threats and remain compliant with global standards.