Anti-Money Laundering refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor and report suspicious activities.

Money laundering is the process of disguising the proceeds of illegal activities as legitimate funds in order to hide their illicit origin. AML laws and regulations require financial institutions and other businesses to put in place certain controls and procedures to prevent money laundering, such as verifying the identities of their customers and reporting suspicious transactions to the authorities.

AML is a key component of the broader effort to combat financial crime, such as terrorism financing and organized crime.