Answered: What are the four pillars of AML?

Human Anatomy & Physiology (11th Edition)

11th Edition

ISBN:9780134580999

Author:Elaine N. Marieb, Katja N. Hoehn

Publisher:Elaine N. Marieb, Katja N. Hoehn

Chapter1: The Human Body: An Orientation

Section: Chapter Questions

Problem 1RQ: The correct sequence of levels forming the structural hierarchy is A. (a) organ, organ system,...

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What are the four pillars of AML?

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Step 1 Description

Anti-money laundering (AML) are the laws, guidelines, and techniques made to keep lawbreakers from masking illegally acquired assets as their real income. Albeit these laws cover a restricted scope of exchanges and criminal conduct, their suggestions are sweeping.

To step up the advancement of an AML consistency measure, organizations should diagram the four pillars of the AML Compliance Program:

1. Compliance Officer

2. Custom fitted Internal Policies, Procedures, and Controls

3. Progressing, Relevant Training of Employees

4. Free Review for Compliance

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