Anti-Money Laundering Council

The Anti-Money Laundering Council (AMLC) is a government agency responsible for preventing and detecting money laundering activities. Money laundering involves disguising illegally obtained money to make it appear legitimate. The AMLC sets rules for banks and financial institutions to monitor and report suspicious transactions. It also investigates cases where illegal money is being moved or hidden. By doing so, it helps maintain the integrity of the financial system and combat crime related to drug trafficking, corruption, and other illegal activities. In short, the AMLC works to ensure that money used in the economy is from lawful sources.