AML (Anti-Money Laundering)
Laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained funds as legitimate income through financial transactions.
Full Definition
Anti-Money Laundering encompasses the legal controls and corporate procedures that financial institutions must implement to detect and report suspicious activities. AML programs typically include customer due diligence, transaction monitoring, sanctions screening, and suspicious activity reporting. Blockchain-based securities platforms integrate AML checks directly into smart contracts to ensure ongoing compliance.
Why It Matters
AML compliance isn't optional—it's a legal requirement for any platform dealing with financial transactions. On Sails.to, our AML procedures work alongside KYC verification to ensure the platform isn't used for illicit purposes.
Our automated screening checks every user against global sanctions lists and politically exposed persons (PEP) databases. Combined with transaction monitoring built into our smart contracts, this creates a comprehensive compliance framework.