Anti-money laundering or AML refers to laws and regulations designed to prevent people from hiding money that they’ve obtained in illegal ways. From a compliance standpoint, AML regulations require that banks and other financial institutions follow rules and regulations to ensure they’re not issuing credit to or opening accounts for people who are participating in money laundering schemes or activities.
AML compliance officers are often appointed to oversee AML policies and ensure that organizations are compliant.
The following articles and resources cover many aspects of anti-money laundering as it relates to compliance and risk management.
Financial products and operational processes should be designed to adapt rapidly to new requirements without extensive rebuilding through agile internal ...
Political instability driving global divergence in employment rules
Government documents say Paxful operated for years without a compliance officer, AML training or transaction monitoring controls
European AML systems show persistent ineffectiveness despite rising budgets; 3 in 5 legal professionals concerned about privilege protections under proposed ...
Trio of major developments — the national risk assessment, Treasury's consultation response and draft regulatory amendments — mark a strategic ...
Criminal networks now operate with corporate scale and structure, creating compliance intersections with AML and terrorism financing laws
The ex-compliance chief of MoneyGram International Inc. (MoneyGram) is found personally liable for MoneyGram’s AML failures. The lawsuit is unprecedented ...
Are Banks Bracing for Tougher Compliance? Every new AML regulation – or update – is meant to prompt banks and ...
Real estate is one of most attractive sectors for criminals to launder dirty money due to the ease of entering ...
Regulators have continually penalized banks for deficiencies in their financial crime programs, and this is especially evident in the case ...
Anti-money laundering programs can fail for any number of reasons. In Michael Volkov's experience, most failures in AML compliance can ...
New Global Salary Study Shows Certified Professionals Earn a Median 42 Percent More than their Non-Certified Counterparts MIAMI – September 17, ...
