Anti-money laundering (AML) practices are important for businesses that want to abide by legal guidelines and avoid monetary criminal offense. With money laundering techniques evolving, it's more vital than ever for business to understand and implement reliable AML methods. These practices safeguard the financial system from abuse and make sure ser

There are laws, policies and processes in place that aim to prevent money laundering.When we consider an anti-money laundering policy template, one of the most prominent points to consider would undoubtedly be a concentration on customer due diligence (CDD). Throughout the lifetime of one specific account, financial institutions need to be carrying