AML (Anti-Money Laundering) and CFT (Counter-Financing of Terrorism) are important because they help safeguard the financial system from being exploited by criminals and terrorists. By detecting and preventing illegal money flows, these measures protect economies from corruption, fraud, and other crimes that can undermine growth and stability.

Moreover, AML and CFT efforts reduce the funding available for terrorism, helping to prevent attacks and protect public safety. Together, they promote trust in financial institutions, support law enforcement, and contribute to national and global security.