Anti-Money Laundering Software

Anti-Money Laundering (AML) software is a type of technology used by financial institutions to detect and prevent money laundering activities. Money laundering is the process of making illegally obtained money appear legal. AML software analyzes transactions and customer behavior to flag suspicious activities, such as large or unusual transfers. It helps organizations comply with laws and regulations by monitoring financial activities, generating reports, and alerting staff to potential risks. This software plays a crucial role in maintaining the integrity of the financial system and preventing crime and fraud.