token generation event (TGE)</strong></a>.</p>","level":"easy","meta_title":"What is Allocation? Definition & Meaning | Crypto Wiki","meta_description":"Allocation meaning: Allocation - the act of distributing equity or crypto assets that can be earned, bought, or reserved to a certain entity.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:19:29.000000Z","updated_at":"2022-09-23T10:30:08.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-allocation"},"prevSection":{"id":28,"original_id":null,"author_id":41,"translator_id":null,"title":"What is All-Time-Low (ATL)?","slug":"what-is-all-time-low-atl","section":"A","keyword":"All-Time-Low (ATL)","status":"published","definition":"the lowest price point that a cryptocurrency has reached since its inception.","content":"<p>An <strong>all-time-low (ATL)</strong> is the <strong>lowest-ever recorded price point of a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency throughout its existence. The term is also commonly used in traditional markets. The opposite of this phenomenon is called <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-all-time-high-ath/">All-Time-High.

","level":"easy","meta_title":"What is All-Time-Low (ATL)? Definition & Meaning | Crypto Wiki","meta_description":"All-Time-Low (ATL) meaning: All-Time-Low (ATL) - the lowest price point that a cryptocurrency has reached since its inception.","meta_keywords":null,"language":"en","created_at":"2022-02-10T14:15:55.000000Z","updated_at":"2022-05-13T14:32:22.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-all-time-low-atl"},"currentChapter":"A","currentSection":"what-is-anti-money-laundering-aml","chapterTitle":"A","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-anti-money-laundering-aml","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
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Crypto Terms: Letter A

What is Anti-Money Laundering (AML)?

Anti-Money Laundering (AML) MEANING:
Anti-Money Laundering (AML) - refers to the prevention of illegal money movement around the world by an order of regulations.
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Let's find out Anti-Money Laundering (AML) meaning, definition in crypto, what is Anti-Money Laundering (AML), and all other detailed facts.

Money laundering is a very well-known phrase among crypto crimes. The most fitting example is when a billionaire from Australia, Andrew Forrest, pointed out that Facebook breached Australia’s money-laundering laws. Money laundering is commonly used to describe the process of moving unlawfully obtained funds via complicated transactions.

Moreover, since these transactions are considered to be legal, they would not be detected, allowing the original owner of the illegal money to use the cash for whatever he desires.

Anti-Money Laundering (AML) refers to the prevention of illegal money movement around the world by an order of regulations. When the deposit records or transactions seem to be bigger than usual, financial institutions must keep an eye on these particular customers. Moreover, AML can even aim to prevent criminal activities such as trading contraband or drugs.

Besides, financial institutions play a big part in anti-money laundering laws. Criminals would be strongly discouraged to commit these crimes if they could not effectively shift the income from their fraudulent activities.
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