Anti-money laundering (AML) policy
Money laundering is a process of legalizing money in which a person takes acts that obscure the source of funds in order to make their nature lawful. Anti-money laundering (AML) comprises a series of measures aimed at preventing the financial system or banks from being used for money laundering or terrorist financing. AML measures and instruments are standardized worldwide and implemented by international and national institutions, banks and commercial enterprises. Every bank and other financial institution and other business entity must comply with AML laws and regulations. To obtain a banking license, the bank must approve AML compliance and provide an AML policy. The AML Policy may be updated as needed or in response to current AML trends and practice. http://www.confiduss.com/en/services/corporate/legal/aml-policy/