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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The financial services industry worldwide and in the UAE is making significant changes in response to regulatory action and increasingly far-reaching global anti money laundering regulations, changing the anti money laundering efforts from a stand-alone function under compliance, to a complex and overarching function cutting across legal, risk, operations and tax.
6m for failures over anti money laundering controls
ISLAMABAD, February 24, 2010 (Frontier Star): Senate standing committee on finance and economic affairs has approved conditionally anti money laundering and Pakistan Institute of Development Economic bills.
Michael Zeldin, global leader of the anti money laundering and economic and trade sanctions practice of accountancy group Deloitte, likens it to spending on security or health insurance and the difficulty of knowing what might have happened without such expenditure.
compliance regulations as well as those of MASAK, the anti money laundering regulatory body in Turkey.
The finance minister, Njeru Githae, released the draft, known as Proceeds of crime and anti money laundering regulations 2012.
The bank said that officials of anti money laundering activities from 106 branches of the bank and 20 executives at various positions in the bank participated in the workshop.
com), a global provider of information technology solutions, today announced its entry into the surveillance and fraud detection software market with AMLOCK(TM), an Anti Money Laundering (AML) and Fraud Detection software tailored for the insurance, banking and capital market intermediaries like brokerages, mutual funds and registrars, at the 11th Annual Anti Money Laundering Conference in Hollywood, Florida.
com) a leading provider of enterprise solutions for financial institutions in the areas of operational risk management, regulatory compliance, anti money laundering, and fraud prevention, has named Ron Greenberg as Executive Vice President, Marketing and Business Development, a new role.
com/reports/c12443) has announced the addition of Anti Money Laundering Solution Market in Europe, to their offering
The company's flagship product, Investigation Case Management System (ICMS)(TM), is the financial service industries most widely used case management solution and manages workload and data for loss prevention, corporate security, compliance and anti money laundering personnel and provides the capability to identify patterns and profile areas requiring further analysis.