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Anti Money Laundering (AML)
Anti Money Laundering, usually shortened to AML, refers to laws, controls and procedures designed to prevent financial systems from being used to disguise or move proceeds of crime and to address related financial crime risks. AML frameworks can include customer due diligence, transaction monitoring, record keeping and reporting requirements.
Why it matters to you
Moving an asset onto blockchain infrastructure does not remove the compliance obligations that may apply to financial activity. RWA issuers, platforms and other regulated participants may need systems for identifying customers, monitoring activity and meeting applicable AML requirements.
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