Anti Money Laundering (AML)

Anti-Money Laundering or ‘AML’ is a set of procedures aimed to ensure that the financial system and intermediaries are not used to facilitate money laundering (the illicit process of ‘cleaning’ financial gain from criminal activity). Often these procedures look to comply with multinational and national legislation that details what financial intermediaries’ requirements are to adhere to for internal processes. The procedures are typically overseen in financial intermediaries by the Money Laundering Reporting Officer (MLRO).

Related Articles

Related Entries

subscribe to newsletter