AML

AML (Anti-Money Laundering) is the broader set of controls firms run to detect and prevent money laundering, of which KYC document collection is one part.

AML rules differ by jurisdiction (FATF, NZ AML/CFT Act, EU AMLD, US BSA), but every regime requires firms to verify clients, monitor transactions and report suspicious activity.

For document-collection purposes, AML translates to KYC: collect identity, address and beneficial owner documents up front, refresh annually, and retain for the period the regulation requires (typically 5 years).

RequestLoops handles the document side: structured templates per AML risk tier, recurring reviews, audit trail, retention. The decisioning step (risk assessment, transaction monitoring, suspicious activity reporting) happens outside the tool.

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