Anti-Money Laundering (AML)

Anti-Money Laundering (AML) encompasses the laws, regulations, and processes put in place to prevent the illegal practice of concealing the origins of illegally obtained money. AML regulations require financial institutions and related entities to monitor transactions, report suspicious activity, and perform customer due diligence to detect and prevent money laundering.

AML practices are essential for maintaining financial integrity and protecting organizations from being used to channel illicit funds. Compliance with AML regulations helps institutions avoid severe penalties and maintain trust with regulators and customers.