What is AML and what is sanctions?

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AML stands for Anti-Money Laundering and sanctions refer to restrictions imposed on individuals or entities by governments or international organizations.

AML is a set of laws, regulations, and procedures designed to prevent the generation of income through illegal activities.
Sanctions are measures taken by governments or international organizations to restrict trade or financial transactions with individuals or entities that pose a threat to national security or violate international laws.
AML and sanctions are closely related as they both aim to prevent financial crimes and promote global security.
Examples of AML measures include customer due diligence, transaction monitoring, and suspicious activity reporting.
Examples of sanctions include asset freezes, travel bans, and trade restrictions.

What is AML and what is sanctions?

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