Anti-Money Laundering (AML)

URI: https://gptkb.org/entity/Anti-Money_Laundering_(AML)
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf regulatory framework
gptkbp:abbreviation gptkb:AML
gptkbp:aimsTo prevent money laundering
gptkbp:appliesTo casinos
banks
financial institutions
insurance companies
real estate businesses
gptkbp:enforcedBy gptkb:Financial_Action_Task_Force
gptkb:Financial_Crimes_Enforcement_Network
national regulators
gptkbp:establishedIn 1970s
gptkbp:globalStandardSetBy gptkb:Financial_Action_Task_Force
https://www.w3.org/2000/01/rdf-schema#label Anti-Money Laundering (AML)
gptkbp:importantFor international banking
cryptocurrency regulation
cross-border transactions
gptkbp:includes risk assessment
reporting to authorities
transaction monitoring
gptkbp:penalty gptkb:crime
fines
loss of license
gptkbp:relatedTo gptkb:Bank_Secrecy_Act
gptkb:FATF_Recommendations
gptkb:Know_Your_Customer
counter-terrorism financing
gptkbp:requires record keeping
employee training
customer due diligence
suspicious activity reporting
gptkbp:bfsParent gptkb:Customer_Identification_Program_(CIP)
gptkbp:bfsLayer 7