Anti-Money Laundering (AML)

Anti-Money Laundering (AML) regulations refer to jurisdictional rules for organizations handling financial transactions aimed at preventing the use of illicitly sourced capital and typically include Know Your Customer (KYC) procedures.

Anti-Money Laundering regulations aim to criminalize the practice of generating money through illegal activity. Businesses considered money transmitters, including wallets and exchanges, may be lawfully required to implement internal AML policies. AML compliance, regulation, and techniques vary depending on location and government.