what is aml and how it will use in real time

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AML stands for Anti-Money Laundering, a set of regulations and procedures designed to prevent the illegal generation of income.

AML involves monitoring financial transactions to detect and prevent money laundering activities.
It requires verifying the identity of customers and reporting suspicious activities to regulatory authorities.
AML is used in real time by financial institutions to ensure compliance with regulations and prevent financial crimes.
Examples of AML tools include transaction monitoring systems, customer due diligence processes, and sanctions screening.
AML helps to protect the integrity of the financial system and prevent criminals from using it for illegal activities.

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