Anti-Money Laundering (AML)
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Getting Started
For Developers
Last updated
Transaction Monitoring: ORWA employs sophisticated AML tools that monitor transactions for unusual patterns or activities that may indicate money laundering. These tools, often provided by leading compliance technology providers, analyze transaction sizes, frequency, and the origin/destination of funds to detect red flags.
Risk-Based Approach: The platform adopts a risk-based approach to AML, where users are categorized into different risk levels based on factors such as geographic location, transaction behavior, and asset types. Higher-risk users undergo more stringent monitoring and controls.
Reporting and Compliance: ORWA ensures that all suspicious activities are promptly reported to the relevant authorities as required by law. This includes generating Suspicious Activity Reports (SARs) and collaborating with regulatory bodies to ensure full compliance with AML regulations.
