Anti-money laundering software detects and reports money laundering practices, with effective case studies showing its effectiveness. The best software recognizes a variety of risk factors, generates alerts, and maintains an updated watch list of offenders. Anti-money laundering software (AML software) is software that can detect money laundering practices and immediately generate a report that a […]
Anti-Money Laundering (AML) is the prevention of illegal money laundering, requiring financial institutions to verify the origin of large sums of money and report suspicious activity. The Financial Action Task Force on Money Laundering (FATF) creates policies to help members fight money laundering. Governments focus on AML regulation as laundered money is often obtained illegally, […]
