WHAT IS ANTI-MONEY LAUNDERING IN SIMPLE TERMS?

In the most general sense, Anti-Money Laundering (AML) is the blanket term describing the collection of laws, processes, and regulations used to prevent the illegal generation of income.

AML targets a wide range of activities, from corruption and tax evasion to manipulating the market and trading with illicit goods, as well as efforts to hide any of these activities.

Since the majority of criminals and terrorists rely heavily on a cash flow of laundered money for their illegal activities, having the appropriate AML checks in place has broader crime-reducing implications.

LATEST ARTICLES