AML (Anti-Money Laundering)

Definition

Anti-Money Laundering (AML) refers to the policies, procedures, and technology used to detect and prevent money laundering and related financial crime. AML programs commonly include customer due diligence (CDD), sanctions/PEP screening, transaction monitoring, and suspicious activity reporting. Requirements vary by jurisdiction and by business model.

Also known as

• Anti-Money Laundering

Related terms

• CDD (Customer Due Diligence)
• Transaction Monitoring
• Sanctions Screening
• PEP (Politically Exposed Person)