Money laundering is the process of converting money gained from illegal activities (terrorism, drug, corruption, e.t.c.) into money or assets that appear to be legitimate.
Before proceeds of crime are laundered, it is difficult for criminals to use the illicit money without raising suspicion of the Law enforcement agencies.
Anti-Money laundering refers to a set of procedures, laws and regulations designed to stop the practice of generating income through illegal activities. Such measures and systems are worked out and implemented by National & International organizations, banking and financial Institutions.
The main purpose of the AML Policy is to establish the essential standards designed to prevent MyTopExchange.com from being used for money laundering and terrorism financing.
To ensure we comply with AML standards & regulations: