What is AML monitoring system?
Anti-money laundering (AML) laws require entities regulated under such laws to report suspicious activities and transactions that may indicate the occurrence of money laundering (ML), terrorism financing (TF) or proliferation financing (PF). Therefore, entities need to vigilantly monitor activities and transactions to be able to efficiently detect ML, TF and PF risks. AML monitoring must be conducted on an ongoing basis.
To learn more, check out our complete guide to AML transaction monitoring here: