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Anti Money Laundering (AML) refers to the set of laws, regulations, and procedures aimed at preventing the generation of income through illegal means. Financial institutions and other obligated entities must implement AML measures to detect and report suspicious activities, ensuring compliance with legal requirements. This includes customer due diligence, transaction monitoring, and reporting any transactions that may indicate money laundering or related financial crimes. Organizations also provide training to employees to recognize potential money laundering activities and to understand the importance of compliance with AML regulations.