# What is AML used for?

**URL:** <https://www.amlfaqs.com/t/what-is-aml-used-for/177>\
**Category:** UAE\
**Created:** [October 8, 2024, 11:04am UTC](https://www.amlfaqs.com/t/what-is-aml-used-for/177 "2024-10-08T11:04:20Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 8, 2024, 11:04am UTC](https://www.amlfaqs.com/t/what-is-aml-used-for/177/1 "2024-10-08T11:04:20Z")

</div>

What is AML used for?

---

<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [October 10, 2024, 4:56am UTC](https://www.amlfaqs.com/t/what-is-aml-used-for/177/2 "2024-10-10T04:56:12Z")

</div>

Anti-Money Laundering or AML is a set of laws and regulations in a country with the goal to prevent and mitigate the crimes of money laundering, terrorism financing and proliferation financing. It requires certain businesses and entities to comply with AML obligations which is aimed at preventing them from becoming a conduit for financial crimes. Such businesses and entities include banks, dealers in precious metals and stones, real estate agents, virtual asset service providers, etc. AML laws and regulations include compliance requirements such as Enterprise-wide Risk Assessment (EWRA), Customer Due Diligence (CDD), Sanctions Screening, Record-Keeping, etc