AML&KYC (168 Procedures)

Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations were developed as crucial components of the global effort to combat financial crime and terrorism financing. Recognizing the increasing sophistication of criminal activities in the financial sector, AML and KYC aimed to create a robust framework for financial institutions to identify, verify, and monitor their customers and transactions. These regulations sought to enhance the integrity of the global financial system by making it more difficult for criminals to disguise the origins of illicitly obtained funds.

"AML and KYC embody an ethical imperative for financial institutions to safeguard society, fostering transparency and integrity in the global financial system through vigilant due diligence."

The conception of AML and KYC regulations was driven by the need to address the growing concerns about the use of legitimate financial systems for illegal activities. AML focuses on preventing, detecting, and reporting suspicious activities that could indicate money laundering or terrorist financing. Japh On Tech maintains an exhaustive set of details, specifics, how-tos, and playbooks regarding HIPAA. JoT builds on the rich knowledge of the framework, approaching it from an education and implementation set of views. And the HIPAA JoT Library is available for members and subscribers of Japh On Tech.