Anti Money Laundering

Anti-Money Laundering (AML) is a set of laws, regulations, and practices that aim to detect, prevent, and report financial crimes, especially money laundering. AML is often combined with Combating the Financing of Terrorism (CFT) to form AML/CFT. 
AML is important because it helps protect the financial system and financial markets. Money laundering is the process of making money from illegal activities seem legitimate, such as by hiding the origins of funds from drug trafficking, human trafficking, or other crimes. AML helps to uncover this money. 
Here are some things to know about AML:
  • How AML works
    AML rules help to detect and report suspicious activity, such as securities fraud or market manipulation. 
  • How criminals launder money
    Criminals use layering to separate criminal funds from their source, and integration to reintroduce the laundered funds into the economy. 
  • How to get involved
    You can get involved with AML in the public sector by working in policy writing, law enforcement, or legal roles. In the private sector, you can work in IT, finance, research, compliance, law, investigation, or law enforcement. 
  • How to get certified
    You can get certified in AML through programs like the Certified Anti-Money Laundering Specialist (CAMS) certification

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