'Knowledgebase anti money laundering' presentation slideshows

The Basics of Anti-money Laundering Laws and Regulations

Anti-money laundering is associated with a set of rules, regulations, and procedures that are formulated with the aim to prevent financing criminals from acquiring illegal funds under the pretense that the funds are part of supposedly legal business. AML laws tend to have a limited scope when it comes to transactions and criminal behavior but its implications are quite extensive. Know Your Customer or KYC is a part of the AML process that involves properly identifying clients to determine if they are legit and if they are involved in any form of illegal financial activities before a business transacts with them.

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