AML Response Protocol

An AML response protocol is a set of detailed instructions that outline how an organization should react to potential money laundering alerts or incidents. This protocol ensures that compliance teams follow a consistent approach when handling alerts, conducting investigations, and reporting findings. A clear response protocol helps streamline decision-making and enhances the efficiency of AML operations.

Having a robust AML response protocol demonstrates to regulators that the organization is prepared to manage potential risks and complies with industry standards for handling suspicious activities.