Anti-Money Laundering
Anti-money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent detect and report money laundering activities. We at AKA are concerned with knowing the identity of the customers and understanding the transactions in which the customers are likely to be engaged in. It helps us to identify unusual or suspicious behavior, termed anomalies, which may be an indication of money laundering.