Anti–money laundering

Anti-Money Laundering (AML) refers to a set of policies and practices to ensure that financial institutions and other regulated entities prevent, detect, and report financial crime and especially money laundering activities. Anti-Money Laundering is often paired with the action against terrorism financing, or Combating the Financing of Terrorism, using the acronym AML-CFT (sometimes AML/CFT or AMLCFT). In addition arrangements intended to ensure that banks and other relevant firms duly report suspicious transactions (also known as AML supervision), the AML policy framework includes financial intelligence units and relevant law enforcement operations.