How AML is important to Treasury Manager or Treasury Officer?

The Treasury function’s main responsibilities have revolved around protecting a company’s liquid assets and helping Finance perform its core functions effectively. In recent years, however, these responsibilities have been evolving and expanding.

Anti Money Laundering is against any Banking and social ethics . The very purpose of AML is for doing or funding anti social activities, which is to be stopped. So AML should be stopped and dealt accordingly.

Bank's image also involves in this .

The very meaning of treasury is dealing with huge funds. Its important to keep a track of the incoming and outgoing funds, their source and their destination. Hence, AML plays a very vital role in treasury management.

very Important without this we cant rune the show

AML management is a fundamental task to ensure funds are clean by doing a in depth KYC

Treasury Manger/officer reviews all aspect of their operations/transactions to mitigate the different type of risks i.e., Reputation, Financial and Regulatory Risks etc.

It helps to mitigate risk, proper documentation helps to maintain accounts balanced, helps smooth transition to audit, proper way to authorize transactions by detailed review of profiles.

One of the main duties of Treasury Management is to mitigate the reputation risk of the institution, so fighting money laundry is one of the major challenges that face any financial institution, that's why the treasury management should be aware of money laundering methods and try his best to eliminate this risk and to be able to identify suspicious transaction, to maintain the company good reputation among its peers.