AML

AML (Anti-Money-Laundering) is the ongoing transaction screening and reporting that regulated financial and crypto services use to detect and deter illicit funds — monitoring activity against sanctions lists and reporting unusual patterns to authorities such as FinCEN in the US. Where KYC verifies who a user is at onboarding, AML watches what they do afterward. In crypto, regulated stablecoin issuers and custodial services can freeze or blacklist custodial-ownership accounts that fail these compliance checks, while non-custodial protocols generally have no party able to enforce them.