Anti-Money Laundering Law

Anti-Money Laundering (AML) laws are regulations that help prevent the illegal process of making "dirty" money look legitimate. Criminals often try to disguise money earned from illegal activities, such as drug trafficking or fraud, by moving it through financial systems. AML laws require banks and financial institutions to monitor transactions, report suspicious activity, and verify the identities of their clients. By enforcing these measures, AML laws aim to disrupt criminal enterprises and promote transparency in the financial system, ensuring that money flows come from lawful sources.