AML & Travel Rule
Anti-Money Laundering (AML)
Legal framework preventing the integration of illicit funds into the financial system — applies to CASPs as obliged entities.
Definition
AML is the body of law preventing money laundering. EU framework: AMLR (2024/1624) directly applicable from July 2027; AMLD6 (2024/1640) at national infrastructure level; 5AMLD (2018/843) transitional. CASPs are obliged entities required to apply customer due diligence, monitoring, and reporting.