What is AML & KYC, PEP, Hedge fund, Layers of AML, Screening

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AML & KYC are regulatory processes to prevent money laundering and terrorist financing. PEP refers to politically exposed persons. Hedge funds are investment funds. AML has three layers: customer due diligence, transaction monitoring, and suspicious activity reporting. Screening involves checking individuals or entities against watchlists.

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer
PEP refers to Politically Exposed Persons who are individuals with prominent public functions
Hedge funds are investment funds that pool capital from accredited individuals or institutional investors
The three layers of AML are Customer Due Diligence, Transaction Monitoring, and Suspicious Activity Reporting
Screening involves checking individuals or entities against watchlists to identify any potential risks or concerns

What is AML &amp; KYC, PEP, Hedge fund, Layers of AML, Screening

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What is AML & KYC, PEP, Hedge fund, Layers of AML, Screening