AML

Anti-Money Laundering (”AML”) is the execution of transactions to eventually convert illegally obtained money into legal money. Although you as a company stick to the rules, this does not mean that your partners and business associates adhere to the same AML compliance laws as you.

AML activities aim to fight money laundering by establishing processes, policies, and enforcement of regulations and laws that require businesses to actively monitor the entities with whom they do business. They target such practices as market manipulation, illegal goods trading, tax evasion, bribery, and other forms of financial corruption under the secrecy act.