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TermDefinitionStatus
AMLAnti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. 
  • Criminals use money laundering to conceal their crimes and the money derived from them.
  • AML regulations require financial institutions to monitor customers' transactions and report on suspicious financial activity.

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September 21,2020


AML: 

Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.

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