AML supervisory authorities

Anti-Money Laundering (AML) supervisory authorities are governmental or regulatory bodies responsible for ensuring that financial institutions and businesses follow laws designed to prevent money laundering and terrorist financing. These authorities monitor activities, enforce compliance, and issue guidelines to help organizations detect and report suspicious activities. Their goal is to protect the financial system from being exploited for illegal activities, ensuring transparency and integrity in financial transactions. By overseeing compliance, they aim to promote trust in the economy and safeguard public funds.