Anti Money Laundering (AML) refers to a set of legal and regulatory procedures and protocols designed to prevent money laundering activities. Money laundering involves the process of making illicitly obtained funds appear legitimate by passing them through a complex sequence of banking transfers or commercial transactions. AML measures require financial institutions, including banks and other organizations involved in financial transactions, to verify the identity of their customers, monitor transactions for suspicious activity, and report any unusual or suspicious transactions to authorities. AML regulations vary by country but are typically enforced to maintain the integrity of the financial system and prevent criminal activities.