AML, anti-money laundering
AML is the set of controls a business runs to keep criminal funds out of its payment flows and to report suspicion where required.
In detail
In practice it means incoming payments are screened against sanctioned-address lists and known illicit-source clusters before they are credited, and that patterns such as structuring or rapid top-up-and-withdraw behaviour are monitored. Funds from mixing services, sanctioned entities or criminal proceeds are not accepted, and accounts funded that way are frozen. Where the law requires a report it is filed, and where the law forbids saying so, you will not be told.
Also known as
- anti money laundering
- transaction screening