AML Procedure

An AML procedure refers to the specific, step-by-step actions that an organization follows to implement its AML policy. These procedures detail how customer due diligence is performed, how transactions are monitored, how alerts are investigated, and the processes for filing suspicious activity reports (SARs). AML procedures provide clarity and consistency in day-to-day operations, ensuring that all compliance activities are conducted in line with the organization’s policy and regulatory expectations.

Well-documented AML procedures help reduce ambiguity and enhance operational efficiency, making it easier for staff to understand and follow correct protocols.