Anti-money laundering (AML) compliance solutions are systems and procedures used by companies, particularly in the financial sector, to identify and prevent illicit financial transactions. These solutions assist businesses in adhering to laws and regulations designed to combat money laundering and other financial crimes. They usually involve software for transaction monitoring, customer identity verification (Know Your Customer or KYC), and reporting any suspicious activities. AML compliance solutions are crucial for businesses to avoid fines, protect their reputation, and ensure they operate securely and legally.