Anti-Money Laundering (AML) in Cyprus refers to a set of laws, regulations, and procedures designed to prevent individuals and entities from disguising illegally obtained funds as legitimate income. AML efforts include monitoring and reporting suspicious financial activities, conducting due diligence to verify customer identities, and maintaining records of financial transactions. These measures are crucial for financial institutions and other obligated entities to combat money laundering activities, ensure compliance with regulatory requirements, and protect the integrity of financial systems.