Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income.
AML measures aim to detect and report suspicious activities, ensuring that financial institutions are not used for illicit purposes such as financing terrorism, drug trafficking, or other criminal activities.
These regulations require financial institutions to monitor transactions, verify the identity of their customers, and maintain records of financial activities to ensure transparency and compliance with the law.
Wickie employs top-notch platforms and partners to maintain the highest standards in AML procedures and security for all users.