Anti-money laundering (AML) refers to a set of procedures, laws or regulations designed to put an end to the act of generating income through illegal practices.Usually, money launderers disguise their actions using series of steps that present funds from illegal or unethical sources as being acquired legitimately; it consequentially positions a lot of firms or employees against the law.
At Dome Consults, we are committed to ensure increased awareness of anti-money laundering policies, risk and compliance and essential KYC (know-your-customer) guides to firms. This has become more necessary due to the continued rise in regulatory pressures concerning Anti-Money Laundering (“AML”), with a number of high profile fines and investigations. Compliance with AML, Know Your Customer (KYC) and sanctions requirements continues to be a very key focus area for company management and firms have to ensure they are following necessary compliance steps and processes to meet the increasing regulatory demands. Firms operating on a global scale are also required to show a robust compliance framework, ensuring that every section is sufficient aware and that AML requirements are being adhered to at the local and global level.
We committed to providing the key information firms need to understand to mitigate their AML risks and its associated rising challenges.