AML Compliance: A Crucial Factor in the Stability of Financial Institutions

The long-term stability of modern financial institutions is achieved by adhering to extensive financial regulations and ensuring AML compliance. Also known as anti-money laundering compliance, AML prevention refers to the number of methods used by financially active organizations to comply with procedures and regulations designed to stop money laundering activities. What is money laundering? As a simple definition, it is the process by which bad actors attempt to disguise funds derived from illicit activities and mark them as legitimate income.