The aim of an AML compliance program is to detect, respond, and eliminate inherent and residual money laundering, terrorist financing, and fraud-related risks.

To develop a strong AML compliance program that helps expose bad actors and stay safe from non-compliance fees, businesses have to follow quite a few requirements which this session will take a look into including;

  • Effective reporting
  • Staying aware of high-risk customers
  • A compliance officer in the team