What are anti–money laundering measures and why do they matter?

Most of us probably don’t think much about money laundering in our daily lives, but it’s important to understand what it is and why strong safeguards matter.

In short—what is money laundering?

Money laundering is when someone tries to make illegal funds appear legitimate. This can happen, for example, when income from drug trafficking, extortion, or corruption is funneled into lawful systems—by buying real estate, setting up companies, or moving money across borders.

Why does this matter for all of us?

Money laundering can affect everyone. When illicit funds flow unchecked into the financial system, it increases the risk of corruption, creates economic volatility, and undermines trust in the system we all rely on.

Anti–money laundering measures can also reduce the financing of terrorism, human trafficking, and other serious crimes.

To combat money laundering, clear laws have been enacted that certain parties—such as indó—must follow. These laws are designed to make it much harder for those who obtain funds illegally to put that money into circulation and continue dishonest activity.

How indó works against money laundering

indó takes these obligations seriously—not just as a set of rules, but as a responsibility to know our customers and do what we can to prevent money laundering through our accounts.

We apply various measures to ensure transactions are secure and transparent:

• Due diligence checks: All customers must complete a due diligence questionnaire when opening an account. By law, such checks must be performed at the start of a business relationship and at regular intervals.
• Enhanced due diligence: In certain cases—e.g., if the person has political connections or is from a high-risk country according to the Central Bank’s list—enhanced due diligence must be carried out. This is to ensure we know customers in these categories even better.
• We review the source of funds and wealth, when necessary, and base all decisions on reliable and traceable information.
• All data are handled with care and confidentiality—they are used only to fulfill legal obligations and are never used for other purposes.

Here you can find the law on anti–money laundering.

Here you can find indó’s privacy policy.