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How To Develop An AML Policy
Developing an Anti-money Laundering Policy is the initial step toward success in the fight against financial crime and helps to mitigate the risk.
Anti Money Laundering (AML) is a set of guidelines put forward in legislation, which are specific to region and jurisdiction to help the financial institutions and other businesses involving financial transactions from money laundering and other related crimes.
Companies are obliged to adhere to these policies and put in place either manual or automated fraud monitoring. To understand further let's have a look at what money laundering is and what consists of it.
Download our infographic to learn how KYC Hub mandates regulatory requirements and follows best compliance practices to fight financial crime.
1. A Step-By-Step guide to developing AML policy 2. Easy Implementation methods