AML regulations

Anti-Money Laundering (AML) regulations are laws and guidelines designed to prevent the illegal practice of making "dirty" money appear clean. These regulations require businesses, especially financial institutions, to monitor transactions and report suspicious activities to authorities. The goal is to detect and stop money laundering, which often funds criminal activities like drug trafficking and terrorism. By complying with AML regulations, organizations help safeguard the financial system and maintain its integrity, ensuring that money flows are legitimate.