Anti-money laundering (AML) refers to the set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. The goal of AML regulations is to detect and prevent money laundering activities in order to combat financial crimes such as drug trafficking, terrorism financing, and corruption. Key components of AML include customer due diligence, monitoring of financial transactions, and reporting suspicious activities to regulatory authorities. AML compliance is a critical issue for financial institutions and other businesses to ensure they are meeting their legal obligations and preventing money laundering activities from occurring within their operations.