The body of law, regulation, and procedure designed to prevent the proceeds of crime from being legitimised through the financial system. AML compliance is a core obligation for CBI/RBI programmes.
Anti-Money Laundering (AML) is the international regulatory regime aimed at preventing criminal funds from entering legitimate financial channels. The standards are set by the Financial Action Task Force (FATF), whose 40 Recommendations form the global benchmark. The EU implements them through the AML Directives (currently AMLD-6, with AMLD-7 in adoption).
For investment-migration programmes, AML compliance manifests through: KYC on applicants, source-of-funds verification, ongoing transaction monitoring by licensed agents, suspicious-activity reporting (SARs) to financial-intelligence units, and audit trails preserved for at least five years.
FATF mutual-evaluation reports of Caribbean CBI states have driven significant reforms since 2018 — including the 2024 OECS harmonisation that standardised due-diligence tiers and information-sharing.