Anti-Money Laundering


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Anti-Money Laundering

Any law or regulation requiring an institution to perform due diligence on potential clients to ensure that it is not aiding in a money laundering scheme. If the institution does not conduct due diligence properly, it may be held legally liable for the money laundering activities. These regulations were an important part of the USA PATRIOT Act.
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9160 of the anti-Money Laundering Act (AMLA) was enacted on October 17, 2001 to address the growing concerns over money laundering.
The SAS Anti-Money Laundering solution is available in both English and Arabic languages, which uses multiple detection methods to monitor more risks in very large data volumes, in less time.
IdentityMind Global is a financial technology company offering an on-demand platform servicing payments, risk management, fraud prevention and anti-money laundering services for acquiring banks, payment processors and gateways, payment service providers (psp/iso/msp,ipsp), digital currency exchanges, financial institutions (banks, money service businesses, money transmitters, online lenders) and ecommerce merchants.
Addressing the anti-money laundering conference, UAE Central Bank Governor Sultan bin Nasser Al Suwaidi said: "The UAE has a vibrant and a well-diversified open economy.
This guide provides valuable information for organizations in Bahrain that need to keep up to date with international Anti-Money Laundering concerns.
Concern" is not as acute, they too must undertake efforts to develop or enhance their anti-money laundering regimes.
The letter also urged to activate the Anti-Money Laundering and Terrorist Financing Unit at the Yemeni Central Bank and other banks and exchange firms as well as continuous training for employees at the unit to introduce them to the newest approaches to combat money laundering and terrorist financing.
The company said that the implementation of this software suite allows integration of developments linked to the recent transposition into French law of the 3rd European anti-money laundering directive, as applicable to the insurance sector.
The long awaited anti-money laundering bill was passed by the National Assembly, after having spent almost two years in a Special Select Committee, reports Caribbean Net News (May 4, 2009).
IT is perhaps the ultimate irony in the anti-money laundering crusade.
The International Monetary Fund will hold a closing conference on the Anti-Money Laundering and Counter Terrorism Financing project in Bishkek on January 30 to tell about results of the work done and announce its plans for a second phase of the project.
BNA International (London) has published "Anti-Money Laundering," a special report written to keep readers current with the latest anti-money laundering measures worldwide.

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