How to comply with AML laws and regulations?
While the specific AML rules and regulations depend on the country in which an entity operates, AML compliance generally involves the following:
• Conducting enterprise-wide risk assessment
• Appointing an AML Compliance Officer
• Adopting and implementing internal AML policy, procedures and controls
• Training employees concerning AML regulations
• Detecting and reporting suspicious activities
• Organising regular independent audits
Check this video to learn more about AML Compliance