#QuickBiteCompliance Day 6
Have you ever thought what an Anti-Money Laundering Program entails? It’s a crucial system designed to aid institutions in combating money laundering and terrorist financing. Across various jurisdictions, financial institutions, such as banks and securities dealers, are mandated by government regulations to establish these programs.
Key components of an effective anti-money laundering program include:
– Written internal policies, procedures, and controls
– Appointment of a designated AML compliance officer
– Continuous employee training
– Independent review to assess and enhance the program
Stay informed and compliant with #InclusiveRegtech #AntiMoneyLaunderingProgram.
