AML
Anti-Money LaunderingCompliance
The framework of regulations and procedures designed to prevent illicit funds from entering the financial system. AML obligations cover merchant onboarding, transaction monitoring, suspicious-activity reporting, and sanctions screening. Required by every regulated acquirer in every jurisdiction; failures result in fines and licence loss.
In practice.
AML obligations are the reason onboarding asks for more than a website URL. Acquirers must evidence that your funds flow is legitimate, so expect questions about source of funds, licensing, ownership and processing history. Clean, consistent AML documentation is one of the strongest accelerators of an underwriting file.