Basics of Anti-Money Laundering Compliance

Sven Stumbauer ()

Chapter Chapter 3 in The Next Wave of Global Anti-Money Laundering Enforcement, 2025, pp 21-26 from Springer

Abstract: Abstract Money laundering is a serious threat to the financial system. It is often referred to as the “dirty little secret” of the financial world. In this chapter, we will examine what anti-money laundering is in general, what makes an anti-money laundering program work, and how risk assessment fits into anti-money laundering compliance. We will also discuss the principles and practices discussed here, as they are the building blocks for a more resilient and secure financial system, one that can withhold the pressures of bad actor activity and uphold the trust of its participants.

Keywords: Money laundering; Risk assessment; Program; AML (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-05824-0_3

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DOI: 10.1007/978-3-031-05824-0_3

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