Combating Money Laundering: AML technologies in money laundering detection, investigation and prevention
Money laundering is the act of concealing the origin of illegal proceeds and it occurs due to deregulated economies and insufficient legal security. The European Union has recognized the importance of combating this crime by developing Directive (EU) 2015/849 on antimoney laundering and counter-terrorist financing, which applies to financial and credit institutions. They are obligated to work prev