AMLkontrolli
AMLkontrolli is the set of policies, procedures, and controls used to prevent money laundering and the financing of terrorism. In Estonian context, it refers to the anti-money laundering controls that financial institutions and other obliged entities implement to detect, assess, and mitigate financial crime risks.
Core components include customer due diligence (CDD) and know-your-customer (KYC) practices, which involve identifying and verifying
The legal framework for AMLkontrolli in Estonia and the broader European Union comprises EU anti-money laundering
Implementation typically requires an internal AML program with a designated compliance officer, written policies and procedures,