AML Review

An AML review is the evaluation process conducted to assess the effectiveness of an organization’s anti-money laundering practices. This can include reviewing policies, procedures, transaction monitoring systems, and records of investigations. AML reviews are carried out periodically to ensure that the AML program remains compliant and effective against potential threats.

AML reviews provide insights into areas that may need improvement, supporting a continuous cycle of enhancement in compliance practices. They are also essential for preparing for audits and demonstrating the organization’s adherence to regulatory requirements.