Anti-Money Laundering
/ˈæn.ti ˈmʌn.i ˈlɔːn.dər.ɪŋ/
Definitions
- (n.) A set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.
Financial institutions must comply with anti-money laundering regulations to report suspicious transactions.
Forms
- anti-money laundering
Related terms
See also
Commentary
Used predominantly in regulatory and compliance contexts; often abbreviated as AML in legal texts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.