AML stands for Anti-Money Laundering, and is a set of measures for combating the laundering of money and other financial crimes.

Who is an AML officer?

An AML officer is a person, who is responsible for the company’s compliance with the requirements for preventing money laundering.

Key elements of KYC & AML policy

The elements include the detection of suspicious activity, risk assessment, internal practices, AML training and independent audits.

What are AML requirements?

The primary AML requirement is to adopt measures in order to keep money laundering out of a company’s business.