Course Content
What Is Anti-Money Laundering (AML)?
AML regulations attempt to stop the illegal laundering of illicit funds. Individual governments and multinational organizations like the FATF legislate against money laundering activities. Money laundering takes “dirty” money and turns it into clean money. This can be done by disguising the origins of the funds, mixing them with legitimate transactions, or investing them into legal assets. Crypto is an attractive way to launder money due to its privacy, difficulty in retrieving funds, and underdeveloped legislation. Large-scale seizures of crypto show criminals regularly use it to launder huge sums. Binance and many other crypto exchanges track suspicious behavior as part of their AML compliance and report it to law enforcement.
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What Is Anti-Money Laundering (AML)?
About Lesson

While AML adds time to the process of trading cryptocurrencies, it’s important to keep everyone safe. Unfortunately, governments and organizations can’t get rid of all money laundering activities, but the implementation of regulations certainly helps. Technology is improving at spotting possible money laundering, and serious crypto exchanges are taking their role seriously in helping to tackle crime.

 
 
Exercise Files
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