Anti Money-Laundering (AML) and Counter Financing of Terrorism (CFT) refer to policies and regulations in place to stop both of the aforementioned crimes. Both money laundering and terrorist financing are considered financial crimes and as such, carry significant penalties. Companies must ensure that their customers are not engaged in such activities and are not using their services as a vehicle for either offence. Companies are required to have in place protocols and processes to monitor, identify and report any suspicious activity that could indicate illegal activity of this type.