Anti-Money Laundering [AML]

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Anti-Money Laundering or AML is defined as a set of laws designed to prevent converting illegally earned money into what appears to be legally earned money.

Laundering just means cleaning something that is dirty. Money laundering is the process of making illegally earned money (dirty money) appear to be legally earned (clean money).

Anti-money laundering rules and laws are designed to make it difficult for criminals to launder their money.

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