What does AML stand for and why is it relevant to mortgage advisers?

What does AML stand for and why is it relevant to mortgage advisers?

• A. Anti-Money Laundering; advisers must verify identities and monitor funds to prevent illegal activity.
• B. Anti-Mortgage Leverage; used to assess loan sizes.
• C. Average Maturity Level; used for product pricing.
• D. Any Money Lodged; indicates funds deposited.

Answer: (A)