Google’s Answer
Anti-money laundering (AML) refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money laundering laws cover a limited range of transactions and criminal behavior, their implications are far-reaching
Our Answer
Anti-money laundering is a set of laws, procedures and polices regulated financial firms need to adhere to and implement to stop criminals from disguising funds obtained from criminal activities into legitimate income.
