AML (Anti-Money Laundering) - Forex Glossary | ForexCracked
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Regulation & Safety Beginner

AML (Anti-Money Laundering)

Also called: Anti-Money Laundering

Regulations requiring brokers to detect and report transactions suspected of laundering criminal proceeds.

01

Definition

AML rules complement KYC. Brokers must monitor for unusual patterns (large round-number deposits from third parties, rapid withdrawals to different accounts) and file Suspicious Activity Reports.