AML software

AML software, or Anti-Money Laundering software, is designed to help financial institutions detect and prevent money laundering activities. Money laundering is the process of disguising the origins of illegally obtained money, making it appear legitimate. AML software analyzes transactions and customer behaviors to identify suspicious patterns and ensure compliance with laws and regulations. By automating monitoring processes, it helps organizations manage risk, report suspicious activities to authorities, and protect themselves from financial crimes, ultimately contributing to a safer financial system.