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KYC Glossary
What is AML?
Anti-Money Laundering
📖 Definition
AML (Anti-Money Laundering) refers to laws, regulations, and procedures designed to prevent criminals from disguising illegally obtained money as legitimate income. KYC is a key component of AML compliance — by verifying customer identities, companies can detect and report suspicious activities.
🏢 Where You Will See This
Banks, crypto exchanges, financial services
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