What is the basic AML program?

What is the basic AML program?

Anti-money laundering (AML) program comprises of policies, procedures and controls formed and adopted by businesses and entities regulated under the AML regulation of a country. AML program facilitates the businesses and entities in meeting their AML compliance obligations. It sets down the roles, responsibilities and processes related to AML compliance.

To learn more, check out our video on checklist for effectively implementing the AML Program here: