AML Protocol

An AML protocol is a set of formalized guidelines and rules that dictate how anti-money laundering practices are carried out within an organization. This protocol specifies how compliance activities should be conducted, from onboarding customers to handling alerts and filing reports. An AML protocol ensures that all steps are consistent and adhere to internal policies and external regulations.

Adhering to a well-defined AML protocol helps maintain operational clarity and reinforces the organization’s compliance efforts, demonstrating to regulators that robust measures are in place to combat money laundering.