AML Terms

Know what a certified copy is in AML, how it’s used in KYC, and why certified documents matter for compliance checks.

Understand what bullion means, how it is used in financial markets, and why it matters for AML and compliance monitoring.

Explore the concept of a beneficiary institution, including its role in receiving funds and its relevance in AML compliance processes.

Learn what a Bearer negotiable instrument means and how its ownership passes by delivery to whoever holds it.

Learn what an authorised deposit taking institution – is a licensed financial body like a bank, credit union or building society that can take deposits.

Find out what the Australian Government body does to support national security, help businesses stay compliant, and protect the financial system.

Understand the role of Beneficial Owners and how proper checks help prevent financial crimes.

Learn what an AML and CTF program is, why it matters, real-world examples, best practices for affiliates, and common compliance questions.

Learn what an affiliate of a remittance network provider is, with a simple definition, practical examples, and best practices for AML compliance.