Please share some examples on AML

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AML refers to Anti-Money Laundering measures taken to prevent illegal financial activities.

AML regulations require financial institutions to verify the identity of their customers and report suspicious transactions.
Examples of suspicious activities include large cash deposits, frequent international transfers, and transactions involving high-risk countries.
AML compliance is mandatory for banks, money service businesses, and other financial institutions.
Penalties for non-compliance can be severe, including fines, loss of license, and even imprisonment.
Technology such as artificial intelligence and blockchain are being used to improve AML efforts.