AML Is Not Just a Bank Problem

Why AML Is Not Just a Bank Problem

Many companies still think Anti-Money Laundering (AML) applies only to banks.

In reality, this misconception is one of the biggest compliance risks today.

Money laundering can pass through any business that deals with customers, payments, or financial transactions.

What Is AML?

AML refers to the laws and controls designed to prevent criminals from using legitimate businesses to clean illicit funds.

It’s not about paperwork — it’s about knowing your customer, understanding money flows, and spotting unusual behavior.

Who Is at Risk?

AML applies to more than banks, including:

Fintech and payment companies

Real estate firms

Trading and brokerage businesses

Crypto and virtual asset platforms

SMEs with cross-border activity

If your business handles money, AML applies to you.

Why Weak AML Is Dangerous

Poor AML controls can lead to regulatory fines, reputational damage, financial loss, and operational disruption.

If you’re unsure whether your AML controls are fit for purpose, we’re happy to have a quick, no-obligation conversation.

📧 info@vericompliance.com

📱 WhatsApp: +44 7459 228546

🌐 www.vericompliance.com

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