Anti-Money Laundering Policy

[clementbiron]

Type name

Anti-Money Laundering Policy

Alternative type names

AML Policy
Combating the Financing of Terrorism Policy
AML/CFT Policy
AMLCFT Policy

Writer

service provider

Audience

employees, directors, officers, contractors, representatives

Object

risk mitigation of involvement in money laundering or terrorist financing activities

Examples

Example	Service Name	URL	Title	Jurisdiction
1	Transfermate	URL 🔗	ANTI-MONEY LAUNDERING POLICY	❔
2	FINRA	URL 🔗	AML	❔
3	Goldsmiths	URL 🔗	Anti-Money Laundering (AML) Policy	🇬🇧
4	Glencore	URL 🔗	Anti-Money Laundering Policy	🇨🇭

References

• Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA): https://finance.ec.europa.eu/financial-crime/amla/about-amla_en
• Wikipedia: https://en.wikipedia.org/wiki/Anti%E2%80%93money_laundering
• Bank Secrecy Act: https://www.irs.gov/businesses/small-businesses-self-employed/bank-secrecy-act

Comments

No response

[MattiSG]

Based on Wikipedia and the EU AMLA, I suggest adding the following alternative names:

• Combating the Financing of Terrorism Policy
• AML/CFT Policy
• AMLCFT Policy

[clementbiron]

Thank you, I've taken it into account.

[MattiSG]

Shorter object proposal: “risk mitigation of involvement in money laundering or terrorist financing activities”.

[MattiSG]

The FINRA example (n°2) is wrong: FINRA is a provider of services to support the implementation of the Bank Secrecy Act, it is not a service provider's policy.

[MattiSG]

Audience: “employees, directors, officers, contractors, representatives” sounds like a limitative enumeration to me. I would prefer some more descriptive phrasing, such as “any person working directly or indirectly for the service provider”.