What is the AML software?
Anti-money laundering (AML) software is a technological solution designed to assist entities regulated under the AML laws of a country to comply with their AML obligations. Essentially, AML software automates AML compliance tasks such as Customer Due Diligence (CDD), Sanctions Screening, Know Your Customer (KYC), etc. When conducted manually, completion of these tasks can be time-consuming and inefficient. AML software makes AML compliance more reliable, quicker and accessible.
To learn more about AML software, check out our guide on how to find the best AML Software: