Tag: AML

The term “bank anti money laundering” refers to the various measures that banks and other financial institutions can take to prevent criminals from using their services to launder money. This includes things like implementing customer identification programs, monitoring transactions for suspicious activity, and reporting any findings to law enforcement.

InvestGlass automates the process of monitoring transactions for suspicious activity and reporting any findings to law enforcement. This helps banks and other financial institutions to quickly and easily identify any potential money laundering activities and take appropriate action.