Glossary
What is AML?
AML refers to the controls a financial business maintains to detect and prevent money laundering, including client due diligence, transaction monitoring and reporting.
Stands for: Anti-Money Laundering
AML obligations depend on jurisdiction and on the nature of the business, and require qualified legal and compliance advice.
Technology supports AML through record-keeping, audit trails and reporting, but it does not discharge the obligation.
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