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.
0/11
What Is Anti-Money Laundering (AML)?
About Lesson

The FATF is an international organization founded by the G7 to combat the financing of terrorism and money laundering. By creating a set of standards that governments worldwide should adhere to, launderers find it increasingly difficult to find jurisdictions to operate in. 

Cooperation between governments also improves the sharing of information and tracking of launderers. Over 200 jurisdictions have committed to following the FATF Standards. The FATF monitors all participants to make sure they’re sticking to the regulations with regular peer reviews.

Exercise Files
No Attachment Found
No Attachment Found