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Anti-Money Laundering (AML)

AML is a commonly used acronym in the financial industry for Anti-Money Laundering. It refers specifically to the set of rules and regulations that governing bodies implement to prevent money laundering in the financial and business sectors. Almost every country has its own local governing body that sets the policies and procedures for financial companies to detect and monitor potential money laundering schemes.

With the rising popularity of digital banking and Banking as a Service platforms, it has become crucial for these online businesses to remain vigilant with AML regulations. Online currency transfers and other investments have become popular methods of laundering money into legitimate funds, so BaaS providers and the platforms they are integrated with are often monitored using AML audits.

2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB