Anti-money laundering (AML) refers to the set of regulations, policies, and procedures designed to prevent and detect money laundering and other illicit activities. Crypto AML measures aim to ensure that cryptocurrency exchanges, wallet providers, and other virtual asset service providers (VASPs) comply with regulatory requirements. VASPs must therefore comply with applicable AML regulations and licensing requirements in the jurisdictions where they operate. This may include registering with regulatory authorities, obtaining licenses or approvals, and undergoing periodic audits or examinations to ensure compliance.