ANTI-MONEY LAUNDERING RISK ASSESSMENT FOR SUPERVISED INTERMEDIARIES
AMEC RISK ASSESSMENT METHODOLOGY Anti-Money Laundering (AML) initiatives consist of laws, regulations, and procedures designed to prevent criminals from converting money obtained through illegal activities, or “dirty money,” into legitimate income, or “clean money”. The term “dirty money” originated in the time of Al Capone, who “laundered” money earned from illegal activities through a chain …
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