AML Response

AML response refers to the actions taken by an organization when a suspicious activity or alert is detected. This response involves conducting an investigation, gathering data, evaluating risks, and determining if further action, such as filing a Suspicious Activity Report (SAR), is necessary. The AML response process ensures that the organization reacts promptly to potential money laundering threats.

A well-defined AML response plan includes steps for escalation, documentation, and communication to internal and external stakeholders, reinforcing the organization’s commitment to effective risk management.