What is AML (Anti-Money Laundering)?

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Anti-Money Laundering (AML) refers to the comprehensive set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income, thereby protecting the integrity of the global financial system. These regulatory frameworks, primarily driven by international bodies like the Financial Action Task Force (FATF), mandate financial institutions and designated non-financial businesses to implement robust controls, including Know Your Customer (KYC) protocols and continuous transaction monitoring, to detect and report suspicious activities.

AML (Anti-Money Laundering)

What is AML (Anti-Money Laundering)?

What are the three distinct stages of money laundering that Anti-Money Laundering (AML) regulations are designed to combat?

How do global regulatory bodies, such as the Financial Action Task Force (FATF), enforce AML standards and what are the consequences for non-compliant jurisdictions?

What are the essential components of a robust Anti-Money Laundering (AML) compliance program for financial institutions?

Beyond traditional banks, which non-financial sectors and professions are subject to Anti-Money Laundering (AML) regulations and why is this expansion necessary?

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