ESG and responsible business
Anti-money laundering
Laws and checks to stop criminals disguising illegal money as legitimate. Banks, payment firms, accountants and others must check customers and report suspicions. Often shortened to AML.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
AML checks flagged the transaction.
Also called AML.
Related terms.
Videos.
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