AML & Compliance
Beginner
AML (Anti-Money Laundering)
💡 In plain English: The rules and systems banks use to stop criminals turning illegal money into legitimate money.
Definition
Anti-Money Laundering refers to the laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
📌 Real-World Example
When your bank asks for proof of source of funds on a large deposit, that is an AML control in action.
Related Terms
KYC (Know Your Customer)
The process banks use to verify who you are, what you do, and...
CDD (Customer Due Diligence)
The standard level of identity and background checks a bank...
SAR / STR (Suspicious Activity / Transaction Report)
A confidential report a bank files with regulators when it...
FATF (Financial Action Task Force)
The global body that sets the international rules for fighting...
Placement, Layering & Integration
The three stages criminals use to clean dirty money — getting it...
⚠️ Educational Content: All definitions and examples on this page are for educational and consultancy reference purposes only. They do not constitute financial, legal, or investment advice. Moneykar is not registered with SEBI, CBUAE, SCA, or any financial regulator. Consult a qualified professional before making financial decisions.