AMLkäytännöt

AMLkäytännöt refers to Anti-Money Laundering (AML) practices. These are the regulations, procedures, and policies that financial institutions and other designated businesses must implement to prevent their services from being used for illegal activities such as money laundering and terrorist financing. The core objective is to detect and report suspicious transactions to the relevant authorities.

Key elements of AMLkäytännöt typically include customer due diligence (CDD), which involves identifying and verifying the identity of customers, understanding the nature of their business, and assessing the risk associated with their accounts. Enhanced due diligence (EDD) is applied to higher-risk customers or transactions. Businesses are also required to monitor customer transactions for unusual or suspicious activity and report any such findings through suspicious activity reports (SARs) or similar mechanisms.

Furthermore, AMLkäytännöt encompass internal controls, such as establishing a dedicated compliance function, developing training programs for employees, and conducting regular audits to ensure adherence to AML regulations. The specific requirements and scope of AMLkäytännöt can vary significantly depending on the jurisdiction and the type of business. International cooperation and adherence to global standards, such as those set by the Financial Action Task Force (FATF), are also integral to effective AML frameworks.