Anti-Money Laundering (AML)

AML is a set of international laws to prevent and punish money laundering crimes through fiat currencies and cryptocurrencies.  AML measures require financial institutions and other regulated entities to implement stringent policies, including customer due diligence (CDD), Know Your Customer (KYC), transaction monitoring, and reporting suspicious activities to relevant authorities. These protocols aim to identify, assess, and manage the risks associated with money laundering and terrorist financing. AML efforts play a crucial role in maintaining the integrity of the international financial system, protecting it from being undermined by illicit money flows.