KYC and AML are two different terms that are closely related and can often be seen side by side. AML (Anti-Money Laundering) is a set of measures to combat the laundering of money obtained illegally. KYC is part of AML. If there are doubts about the “purity” of your transactions, AML with Know Your Customer checks will prove that these are your honestly acquired assets. That is why KYC is necessary.