KEY ANTI-MONEY LAUNDERING PRACTICES FOR COMPANIES

Anti-money laundering (AML) practices are important for organizations that wish to abide by legal guidelines and avoid financial criminal offense. With money laundering techniques progressing, it's more vital than ever for business to understand and implement reliable AML techniques. These practices protect the monetary system from abuse and guaran

There are laws, regulations and processes in place that intend to prevent money laundering.When we consider an anti-money laundering policy template, among the most important points to consider would undoubtedly be a focus on customer due diligence (CDD). Throughout the lifetime of one specific account, banks must be conducting the practice of CDD.