Definition
Anti-Money Laundering (AML) refers to the set of legal, regulatory, and organizational measures designed to prevent money laundering and terrorist financing.
Context
Anti-Money Laundering (AML) is a core component of compliance frameworks and is closely linked to enhanced due diligence (EDD), customer due diligence (CDD), and risk-based control approaches. It applies to financial institutions and, increasingly, to non-financial businesses subject to regulatory obligations.
Meaning
Anti-Money Laundering (AML) is a key regulatory requirement that obliges organizations to implement effective controls to detect, assess, and report suspicious activities.
Example
Requirement to identify and verify beneficial owners of customers.
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Anti-Money Laundering (AML)", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/anti-money-laundering-aml/, accessed April 18, 2026.