What Is Anti-Money Laundering (AMA)?


Jake Morr


August 25, 2023

AML refers to regulations and practices aimed at preventing the illegal conversion of funds, including cryptocurrencies. Established globally by the Financial Action Task Force (FATF), these standards guide entities in combating money laundering activities within the crypto realm. Virtual asset service providers (VASPs), such as crypto exchanges and stablecoin issuers, play a pivotal role by implementing rigorous checks, like "know-your-customer" protocols and continuous transaction monitoring. When suspicious transactions arise, they report to authorities utilizing tools like Chainalysis Reactor for in-depth investigations.


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