Anti-Money Laundering (AML)
What is Anti-Money Laundering (AML)?
Anti-money laundering, commonly referred to as AML, is the execution of transactions with the ultimate goal of turning money received unlawfully into money earned legitimately. Even while a firm complies with the standards, this does not imply that its partners and business associates comply as well. For instance, money may be transferred into a company and presented as sales income to conceal its source. Money laundering is prohibited by law.
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