AML (Anti-Money Laundering)

Anti-Money Laundering (AML) laws and regulations are aimed at combating financial crimes such as money laundering and fraud.

Role of AML in Travel

‍Travel companies, especially those handling large transactions, must comply with AML regulations to avoid facilitating criminal activities.

Challenges of AML

‍Complying with complex, evolving AML laws can be a burden on travel businesses, especially smaller ones.

Key Takeaways

• Prevents financial crime.
• Mandatory for all financial institutions.
• Requires ongoing monitoring and reporting.

How Can Felloh Help with AML?

‍Felloh integrates robust AML compliance tools, helping travel companies meet regulatory requirements and reduce the risk of financial crime.