Question

ʎ It doesn't exist in English. Its a bit like [l], but more y-like. A bit like English million or volume. It is the original sound of Spanish ll, as in millón, llave. Nowadays only a few dialects pronounce the ll this way, mostly in the Andean region. Some people in northern Spain still pronounce it this way but less and less.

Accepted Answer

Palatal Lateral Approximant http://en.wikipedia.org/wiki/Palatal_lateral_approximant

Symbol	ʎ
Name	Palatal Lateral Approximant
Notes	It doesn't exist in English. Its a bit like [l], but more y-like. A bit like English million or volume. It is the original sound of Spanish ll, as in millón, llave. Nowadays only a few dialects pronounce the ll this way, mostly in the Andean region. Some people in northern Spain still pronounce it this way but less and less.
Ref	http://en.wikipedia.org/wiki/Palatal_lateral_approximant

Ll Lateral Approximant Bit Mi Pronounce ʎ Palatal