Anti-Money Laundering: Difference between revisions
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Create article for Anti-Money Laundering and add to Legal and Financial categories. |
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* [http://www.bitinstant.com/static/aml.pdf BitInstant Anti-Money Laundering policy] | * [http://www.bitinstant.com/static/aml.pdf BitInstant Anti-Money Laundering policy] | ||
* [Category:Money_transmitters|Money transmitters] category | * [[:Category:Money_transmitters|Money transmitters]] category | ||
[[Category:Legal]] | [[Category:Legal]] | ||
[[Category:Financial]] | [[Category:Financial]] | ||
Latest revision as of 05:04, 22 May 2012
Anti-money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent, detect and report money laundering activities.
Bitcoin exchanges may be considered to be money service businesses, or money transmitters possibly even, depending on the jurisdiction. For money service businesses and money transmitters operating in the U.S., the Bank Secrecy Act (BSA) is the regulation the requires specific AML-related recordkeeping and reporting actions.