AMLAnti-Money Laundering
Controls used to prevent, detect and address the laundering of criminal proceeds.
What does it mean?
English expansion: Anti-Money Laundering
Controls used to prevent, detect and address the laundering of criminal proceeds.
How is this concept used?
AML is a set of checks, decisions and follow-up actions. It combines what is known about a customer with how funds move and whether the activity has a reasonable explanation. A wallet check is one input in this process, alongside other evidence.
Documented examples
Documented example
Binance: AML program failures (2023)
On 21 November 2023, the U.S. DOJ announced Binance's guilty plea to BSA-related federal charges. The agreed facts described failure to implement an effective AML program, illustrating the role of preventive controls.
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Documented example
U.S. Bank: monitoring controls (2018)
On 15 February 2018, FinCEN announced a civil penalty against U.S. Bank for AML program and reporting violations. It found that the bank capped automated suspicious-activity alerts, illustrating how monitoring capacity forms part of AML compliance.
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Connection to a wallet report
A wallet report helps organise address-related findings. Read the date, transaction direction and coverage before deciding what a finding means.
A common misconception
A high score is not a percentage probability of crime. A low score is not a guarantee that every activity is lawful.
Related reading
Put the explanation in context
When you need a wallet report, open the application and follow its normal account and scan process.
Open AML4Tracker