What's is AML, And how to finding?

Question

Accepted Answer

AML stands for Anti-Money Laundering. It is a set of laws, regulations, and procedures designed to prevent the generation of income through illegal activities.

AML is used to prevent money laundering, terrorist financing, and other financial crimes.
It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activity.
AML regulations apply to banks, financial institutions, and other businesses that deal with large amounts of money.
Examples of suspicious activity include large cash deposits, frequent international transfers, and transactions involving high-risk countries.
Finding AML involves conducting due diligence on customers, monitoring transactions, and reporting suspicious activity to the relevant authorities.

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AML -anti money laundry,some customer hai averge incone and avg balance but suddenly balance increse not to shoot with customer profile

Accepted Answer

Anti-money laundering (AML) is the broad category of the laws, rules and procedures aimed at deterring money laundering, while customer due diligence (CDD) describes the scrutiny financial institutions (and others) are required to perform to thwart, identify and report violations.

Accepted Answer

Anti Money Laundering

Accepted Answer

Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Thoughanti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching

What's is AML, And how to finding?

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