AML or Anti-Money Laundering

Money laundering is the process of transforming the proceeds of crime and corruption into ostensibly legitimate assets. In a number of legal and regulatory systems, however, the term money laundering has become conflated with other forms of financial and business crime, and is sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.

Some countries define money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations. Other countries define money laundering to include money from activity that would have been a crime in that country, even if it was legal where the actual conduct occurred. This broad brush of applying money laundering to incidental, extraterritorial or simply privacy-seeking behaviors has led some to label it financial thought crime.

 

Source: https://en.wikipedia.org/wiki/Money_laundering

Need help with Compliance and AML?

Then you need to visit with Joe at BitAML he is our go-to guy when it comes to these issues.

 

Established in 2015 by AML experts, BitAML offers world-class compliance services to bitcoin companies. Our compliance professionals work closely with clients to develop and integrate a custom written AML program designed to meet regulatory requirements. When your program is up and running, BitAML experts are here for you with on-demand compliance support. In short, we allow bitcoin companies to remain focused on their business with peace of mind.

BitAML is the easiest and safest way to get compliant and stay compliant.

Need help with Compliance and AML?

Then you need to visit with Joe at BitAML he is our go-to guy when it comes to these issues.

 

Established in 2015 by AML experts, BitAML offers world-class compliance services to bitcoin companies. Our compliance professionals work closely with clients to develop and integrate a custom written AML program designed to meet regulatory requirements. When your program is up and running, BitAML experts are here for you with on-demand compliance support. In short, we allow bitcoin companies to remain focused on their business with peace of mind.

BitAML is the easiest and safest way to get compliant and stay compliant.