Why does TrueLayer require an AML policy?

For AML Obliged Entities, TrueLayer requires an Anti-Money Laundering (AML) policy as a standard part of our onboarding and ongoing due diligence procedures.

Requesting your AML policy is vital for several reasons:

• Regulatory Compliance: It demonstrates your adherence to legal standards designed to combat financial crimes, aligning with our internal criteria and regulatory requirements.
• Risk Mitigation: It helps us assess how your institution identifies, monitors, and reports suspicious activities, thereby protecting both your operations and ours from the risks associated with money laundering and other financial offenses.
• Operational Integrity: It ensures that all financial institutions and regulated entities within our ecosystem operate transparently and securely, upholding the highest levels of integrity.

By reviewing your AML policy, TrueLayer reinforces its commitment to maintaining a secure and compliant environment for all our partners and stakeholders.