AML

Laws and regulations aimed at preventing money laundering are referred to as AML measures. For example, legislation that requires banks to verify a customer's identity and monitor their accounts for suspicious deposits may be referred to as AML legislation.

What is money laundering?

Money laundering is the act of concealing illicit funds' origins, to make it appear as though the money was earned legally. For example, transferring cash earned via illegal drug sales to a restaurant and then depositing that cash in the restaurant's business account is a (extremely simplified) form of money laundering.

Who passes AML legislation?

Countries and international organizations, such as the United States and European Union, enact AML legislation to contain and prevent money laundering. International financial organizations, such as the International Monetary Fund, also design AML standards, as recommendations for countries to follow.

AML (acute myeloid leukemia) is a cancer that causes a person's bone marrow to produce abnormal blood cells. These mutated blood cells can't carry out their normal functions, which causes a person with AML to experience weakness, fever, fatigue, and easy bruising and bleeding. While AML typically starts in a person's bone marrow, it often spreads into their blood and other parts of their body.

Those who have AML (or know someone who does) sometimes discuss the cancer in health- or cancer-related forums, such as Reddit's r/cancer subreddit. These discussions usually center around managing AML's symptoms or the merits of various types of treatment.