# What is AML framework?

**URL:** <https://www.amlfaqs.com/t/what-is-aml-framework/172>\
**Category:** UAE\
**Created:** [October 8, 2024, 8:05am UTC](https://www.amlfaqs.com/t/what-is-aml-framework/172 "2024-10-08T08:05:02Z")\
**Posts on this page:** 2\
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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 8, 2024, 8:05am UTC](https://www.amlfaqs.com/t/what-is-aml-framework/172/1 "2024-10-08T08:05:02Z")

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What is AML framework?

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<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 10, 2024, 4:50am UTC](https://www.amlfaqs.com/t/what-is-aml-framework/172/2 "2024-10-10T04:50:25Z")

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Anti-money laundering (AML) framework is the strategy adopted by businesses and entities to comply with their AML obligations. Forming and adopting a comprehensive AML framework is important to detect and deter any money laundering, terrorism financing or proliferation financing risks that the entity may face. Components of an AML framework include the policies and procedures for compliance requirements such as Enterprise-Wide Risk Assessment (EWRA), Customer Due Diligence (CDD), Know Your Customer (KYC), etc.

To understand how to build a robust governance framework for AML compliance, check out our infographic:

> **[Checklist for an Effective EWRA Documentation](https://amluae.com/portfolio/building-a-robust-governance-framework-for-aml-compliance/)**
>
> Here is the comprehensive checklist for an effective EWRA documentation, which will help DNFBPs and VASPs counter ML, TF, and PF risks.