AML (Anti-Money Laundering)

Anti-Money Laundering (AML) refers to laws, regulations, and procedures designed to prevent the process of making illegally obtained money appear legitimate. Criminals often use complex methods to disguise the origin of funds gained from illegal activities, such as drug trafficking or fraud. AML measures require financial institutions and other businesses to monitor transactions, report suspicious activities, and verify the identity of their customers. The goal of AML is to ensure that the financial system is not used to facilitate crime, protecting the economy and society as a whole from the negative impacts of such activities.