Anti-Money Laundering, or AML, is the set of laws and procedures that financial businesses follow to detect and prevent the movement of funds linked to crime. It aims to stop illegal money entering the financial system.

How it works in crypto

For crypto platforms, AML usually means verifying customer identities, monitoring transactions for unusual patterns, and reporting suspicious activity to the relevant authorities. These controls are legal obligations rather than optional extras.

Where it fits

AML sits alongside Know Your Customer checks and sanctions screening as part of a platform’s wider compliance programme.