AML, or Anti-Money Laundering, refers to a set of laws and regulations designed to prevent the illegal process of making "dirty" money appear legitimate. This involves monitoring financial transactions to detect and report suspicious activities that may indicate money laundering or other financial crimes. Financial institutions, such as banks and credit unions, are required to implement AML programs to ensure compliance with these regulations. These programs often include customer identification procedures, transaction monitoring, and employee training to recognize and report potential money laundering activities.