Anti-Money Laundering Policy - Free Template for your Businesses
This document outlines an Anti-Money Laundering (AML) Policy for a company, emphasizing its commitment to legal, ethical, and transparent operations. It details the company's responsibility to prevent its assets and resources from being used for corruption, irregularities, or money laundering. The policy establishes procedures for detecting and reporting suspicious activities, applying to all related entities, employees, directors, officers, contractors, and third parties.
ANTI-MONEY LAUNDERING POLICY
Policy Statement
[company name] is a legal, ethical and transparent company, and it takes the responsibility to ensure and maintain that its assets and resources are not being used for corruption, irregularities, or money laundering. The company has taken it upon itself to detect frauds, irregularities, abuse of position, and institutional gains.
Purpose
The purpose of this policy is to make that the company's financial processes and procedures are according to the anti-money laundering laws.
Scope
This policy applies to every entity related to [company name] and its employees, directors, officers, contractors, or any third party working on behalf of the company.
The policy is for internal use, and the administration is required to convey it to every concerned person or entity. Failure to comply with the policy will result in appropriate action.
Money Laundering
Money laundering refers to those assets that are money that is acquired in exchange for money or assets gained unlawfully. It also includes money spent for terror purposes, regardless of the means it was obtained.
Under this policy, money earned by using the following means is considered money laundering, and it is prohibited:
Money or assets received in exchange for criminal or unlawful acts. Money whose origin is not explicit or earned by assisting any activity in evading lawful means.
Property gained after any criminal activity and its origin, location, and disposition are not transparent.
Property which is promoting any unlawful activity
Terrorism financing
Compliance
The company will establish a body responsible for the implementation of this policy.
The company will carry out the procedure to identify any irregularity on behalf of any stakeholder under this policy. The company should:
Identify all the financers of the company and verify their identity
Take special care where stakeholders want anonymity
Maintain proper records of the stakeholders
If anyone in the company knows or suspects that a person is involved in money laundering or terror financing, it is their responsibility to report such person to the body established by the company. In such a case, the company must
Take the details of the people involved
Verify the type of transactions
Reason for suspicion
The amount involved
The company must consult with the legal department before embarking on business with a third party and carefully screen such interactions.
The policy is subject to updates and amendments, which will be communicated to the stakeholder immediately.
Approved by:
[name]
___________________________________ [signature]
5.0 out of 5 on Google
Read reviewsAs seen in
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by thousands of businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work, with practicing lawyers
Trained on 5.5K+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Start free
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.