Stay tuned with CashEssentials news ! - beyond payments
By subscribing, you accept our Privacy Policy.

Anti-Money Laundering (AML)

February 3, 2021

Many jurisdictions have established regulations and set up sophisticated financial and other monitoring systems to enable law enforcement agencies to uncover illegally obtained funds and detect suspicious transactions or activities. International cooperation arrangements have been set up to assist these endeavors. Many anti-money laundering laws combine money laundering (which is concerned with the source of funds) with terrorism financing (which is concerned with the destination of funds) when regulating the financial system.