Plain meaning
Rules and programs aimed at detecting, reporting, and deterring money laundering and terrorist financing.
Also called
anti-terrorist financing
anti-money laundering
AML
Key points
- AML/ATF rules can require reporting, customer identification, recordkeeping, and compliance controls.
- Financial institutions, money services businesses, and other reporting entities can be covered.
- Federal amendments may expand reporting obligations or enforcement powers.
- AML/ATF policy can overlap with tax compliance, beneficial ownership, fraud, sanctions, and financial-crime enforcement.
Why it comes up
AML/ATF articles often affect compliance costs, financial-sector obligations, and the government's enforcement priorities.