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What is AML in Forex and Crypto?

24 August 2021, 15:08

Anti-Money Laundering (AML) is a set of rules and manipulations integrated by companies and governments to identify and struggle with illicit financial flows and terrorism financing.

Since financial platforms provide services related to operating money, they are mandated by AML regulations to verify consumers before offering their services. These are necessary steps to make sure that companies are doing business according to applicable laws.