Course Content
12 Terms Every Crypto Trader Should Know
I'm too lazy to read, what's the TL;DR? Fear, Uncertainty, and Doubt (FUD): Spreading of fear and misinformation to gain an advantage. Fear Of Missing Out (FOMO): The emotion you feel when you panic buy. HODL: Buy and hold on to it for a long time! BUIDL: Keep your head down and build the next financial system. SAFU: Funds are safe! Return on Investment (ROI): How much money you are making (or losing). All-Time High (ATH): The highest price ever recorded! All-Time Low (ATL): The lowest price ever recorded. Do Your Own Research (DYOR): Don't trust, verify. Due Diligence (DD): Smart people make decisions based on facts. Anti Money Laundering (AML): Regulations that prevent criminals from hiding their money. Know Your Customer (KYC): Regulations that make exchanges verify your identity.
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12 Terms Every Crypto Trader Should Know
About Lesson
Anti Money Laundering (AML) refers to a number of regulations, laws, and procedures that aim to prevent criminals from disguising their illegally obtained money as legitimate income. AML procedures make it much harder for criminals to “launder” their money clean by hiding it or disguising it as coming from legitimate sources.
Criminals will always look for ways to conceal the true source of their funds. Due to the complexity of the financial markets, there can be many different ways to do that. Derivatives products made up of derivatives products, and other complex market machinations can make tracing the true source of funds quite difficult (though not impossible).

AML regulations require financial institutions such as banks to monitor the transactions of their customers and report on suspicious activity. This way, criminals are less likely to get away with laundering illegally obtained funds.

Exercise Files
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