Anti-Money Laundering (AML)

Anti-money laundering (AML) is the set of policies, controls, and processes designed to detect, prevent, and report financial activity that may involve money laundering, terrorist financing, or other illicit transactions.

For banks, fintechs, and crypto companies operating under the Bank Secrecy Act (BSA), a strong AML program requires internal controls, a board-designated BSA officer, tailored training, independent testing, robust customer due diligence (CDD) and enhanced due diligence (EDD), and an enterprise risk assessment.

Examiners expect timely Suspicious Activity Report (SAR) filing or escalation to partner banks, documented investigation workflows, and clear escalation paths that demonstrate your organization is identifying and responding to suspicious activity with rigor and consistency.