AML Explained

Privacy

Your privacy matters to us.

Privacy Policy

1. Introduction and Scope

This Privacy Policy ("Policy") describes how AML Explained ("we," "us," or "our"), a provider of anti-money laundering (AML) and compliance solutions, collects, uses, discloses, and safeguards personal information. This Policy applies to our website (amlexplained.com), our AML compliance platform, and any related services (collectively, the "Services").

We are committed to protecting the privacy of our users and complying with applicable data protection laws, including the California Consumer Privacy Act (CCPA) as amended by the California Privacy Rights Act (CPRA), and other relevant regulations. This Policy does not apply to third-party websites or services that we do not control.

By using our Services, you agree to the terms of this Privacy Policy.

2. Information We Collect

We collect information to provide and improve our AML compliance services, to comply with legal obligations, and to protect against financial crimes.

2.1 Information You Provide

  • Account and Registration Data: When you create an account, we collect your name, email address, phone number, company name, job title, and password.
  • Identity Verification Data: To comply with AML and Know Your Customer (KYC) requirements, we may collect government-issued identification numbers, date of birth, address, and copies of identification documents.
  • Transaction and Financial Data: In providing AML screening and monitoring services, we may process transaction data, including payment details, account numbers, and beneficial ownership information.
  • Communications: When you contact us, we collect the content of your messages, including attachments and metadata.

2.2 Information Collected Automatically

When you use our Services, we automatically collect:

  • Usage Data: IP address, browser type, operating system, pages visited, time spent, and referring URLs.
  • Device Data: Device identifiers, mobile network information, and hardware model.
  • Cookies and Similar Technologies: We use cookies, web beacons, and similar technologies to enhance your experience, analyze trends, and administer the Services. For more details, see Section 6.

2.3 Information from Third Parties

We may receive information from third-party sources, such as:

  • Identity Verification Providers: To validate your identity and comply with AML regulations.
  • Sanctions and Watchlists: To screen against global sanctions lists, politically exposed persons (PEP) lists, and adverse media.
  • Public Databases: To verify corporate information and beneficial ownership.

3. How We Use Your Information

We use your information for the following purposes:

  • Providing and Improving Services: To operate, maintain, and enhance our AML compliance platform, including transaction monitoring, customer due diligence, and risk assessment.
  • Compliance with Legal Obligations: To meet AML, counter-terrorist financing (CTF), and other regulatory requirements, including reporting suspicious activities to relevant authorities.
  • Identity Verification and Fraud Prevention: To verify identities, detect and prevent fraud, money laundering, and other illegal activities.
  • Customer Support: To respond to your inquiries, provide technical support, and send administrative messages.
  • Marketing and Communications: To send you promotional materials, newsletters, and updates about our Services, subject to your consent where required by law. You may opt out at any time.
  • Analytics and Research: To analyze usage patterns and improve our Services.

4. How We Share Your Information

We do not sell your personal information. We may share your information in the following circumstances:

  • Service Providers: With third-party vendors who perform services on our behalf, such as cloud hosting, data analytics, and identity verification. These providers are contractually bound to protect your information.
  • Compliance and Legal Requirements: With regulators, law enforcement, and other authorities as required by AML laws and other legal obligations. We may also disclose information to respond to subpoenas, court orders, or legal processes.
  • Business Transfers: In connection with a merger, acquisition, or sale of assets, your information may be transferred as a business asset.
  • With Your Consent: We may share your information for other purposes with your explicit consent.

5. Data Security

We implement robust technical and organizational measures to protect your personal information from unauthorized access, alteration, disclosure, or destruction. These measures include:

  • Encryption of data in transit and at rest.
  • Regular security assessments and penetration testing.
  • Access controls and role-based permissions.
  • Employee training on data protection and AML compliance.
  • Incident response procedures to address potential breaches.

While we strive to protect your information, no method of transmission over the internet is 100% secure. We cannot guarantee absolute security.

6. Cookies and Similar Technologies

We use cookies and similar tracking technologies to:

  • Authenticate users and prevent fraudulent activity.
  • Remember your preferences and settings.
  • Analyze how you use our Services.
  • Deliver relevant advertising (where permitted).

You can control cookies through your browser settings. However, disabling cookies may limit your ability to use certain features of our Services.

7. Your Rights and Choices

Depending on your jurisdiction, you may have the following rights regarding your personal information:

  • Access: Request a copy of the personal information we hold about you.
  • Correction: Request correction of inaccurate or incomplete information.
  • Deletion: Request deletion of your personal information, subject to legal retention requirements.
  • Restriction: Request restriction of processing in certain circumstances.
  • Portability: Request transfer of your data to another service provider.
  • Objection: Object to processing based on legitimate interests or for direct marketing.
  • Opt-Out of Marketing: Unsubscribe from marketing communications at any time.

To exercise these rights, please contact us using the details in Section 10. We will respond within the timeframes required by applicable law.

7.1 California Residents (CPRA)

If you are a California resident, you have additional rights under the CPRA, including the right to know, delete, correct, and opt out of the sale or sharing of personal information. We do not sell your personal information. To exercise your CPRA rights, contact [email protected].

8. International Data Transfers

We may transfer your personal information to countries outside your country of residence, including the United States, where our servers are located. We ensure appropriate safeguards are in place, such as standard contractual clauses approved by relevant authorities, to protect your information.

9. Data Retention

We retain your personal information for as long as necessary to fulfill the purposes outlined in this Policy, unless a longer retention period is required or permitted by law. For AML compliance, we may retain certain information for at least five years after the end of the customer relationship, as required by regulations.

10. How to Contact Us for Privacy Inquiries

If you have any questions, concerns, or requests regarding this Privacy Policy or our data practices, please contact us:

  • Privacy Email: [email protected]
  • Phone: +1 (212) 555-7384
  • Mailing Address: 11th Floor, 845 Third Avenue, New York, NY 10022

For California residents: To exercise CPRA rights, contact [email protected].

11. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any material changes by posting the new Policy on this page and updating the "Last Updated" date. We encourage you to review this Policy periodically.

12. Last Updated

This Privacy Policy was last updated on October 16, 2026.