What's a AML & screening

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AML & screening stands for Anti-Money Laundering and screening is the process of checking individuals or entities against various watchlists to ensure compliance with regulations.

AML refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
Screening involves checking individuals or entities against watchlists such as OFAC, PEP, and sanctions lists to identify any potential risks or violations.
The goal of AML & screening is to detect and prevent money laundering, terrorist financing, and other financial crimes.
Examples of screening include checking customers during onboarding, ongoing monitoring, and transaction screening.

What's a AML & screening

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What's a AML &amp; screening

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What's a AML & screening