Due Diligence Checks
Due diligence checks refer to the process of conducting comprehensive investigations and assessments on individuals, entities, or business relationships to...
Watchlist Screening
In this article, we explore the concept of "Watchlist Screening" and its crucial role in maintaining regulatory compliance. Join us...
Third Party Risk
In this article, we explore the concept of "Third Party Risk" and its significance in maintaining a secure business environment....
Anti-Money Laundering Software
We turn our attention to "Anti-Money Laundering Software" and its pivotal role in combating financial crime. Join us as we...
Smurfing (Money Laundering)
Smurfing is an intricate process that typically involves multiple individuals, known as "smurfs," who work together to execute the money...
Anti-Bribery and Corruption (ABC)
Anti-Bribery and Corruption (ABC) refers to the set of measures, policies, and practices implemented by organizations to prevent, detect, and...
Financial Sanctions
Financial sanctions are measures imposed by governments, regulatory bodies, or international organizations to restrict or prohibit financial transactions with specific...
Crypto Regulations
Crypto regulations refer to the legal and regulatory frameworks governing the use, trading, and exchange of cryptocurrencies, such as Bitcoin,...
Transaction Limit
Transaction limits refer to the predetermined maximum amounts or volume of financial transactions that individuals or entities can conduct within...
FATF Recommendations
The Financial Action Task Force (FATF) is an intergovernmental organization established to combat money laundering, terrorist financing, and other threats...
Trade-Based Money Laundering (TBML)
Trade-Based Money Laundering (TBML) is a sophisticated method used by criminals to disguise the proceeds of illicit activities through legitimate...
Black Market Peso Exchange (BMPE)
Black Market Peso Exchange (BMPE) is a money laundering technique commonly used in Latin American countries. It involves the conversion...
Anonymous Transactions
Anonymous transactions refer to financial transactions conducted without disclosing the true identity of the involved parties. These transactions aim to...
False Documentation
False documentation refers to the creation, alteration, or use of counterfeit, forged, or fraudulent documents in financial transactions to deceive...
Unusual Transactions
Unusual transactions refer to financial transactions that deviate from typical patterns or norms, raising suspicions of potential money laundering, terrorist...
Electronic Funds Transfer
Electronic Funds Transfer (EFT) refers to the electronic movement of funds from one financial institution to another, facilitated through computer-based...
Money Service Business (MSB)
A Money Service Business (MSB) is a type of financial entity or business that provides various financial services, including money...
Sanctions Screening:A Vital Tool for AML Professionals
Sanctions screening utilizes advanced software solutions, like the Kyros AML Data Suite, to ensure accurate and efficient monitoring of transactions...
Terrorist Financing: A Comprehensive Guide for AML Professionals
Terrorist Financing involves providing funds to support terrorist activities, using various methods to conceal the origin and purpose of the...
Risk Assessment
Risk Assessment is a systematic process used by financial institutions and businesses to identify, evaluate, and prioritize the risks associated...
Ongoing Monitoring
Ongoing Monitoring is a critical component of anti-money laundering! (AML) and counter-terrorist financing (CTF) efforts, involving the continuous review and...
High-Risk Customers
High-Risk Customers refer to individuals, entities, or customer groups that are deemed to have a higher potential for involvement in...
Financial Intelligence Unit (FIU)
A Financial Intelligence Unit (FIU) is a specialized government agency responsible for collecting, analyzing, and disseminating financial intelligence to combat...
Counter-Terrorist Financing (CTF)
Counter-Terrorist Financing (CTF) refers to the financial activities and measures implemented to prevent the funding of terrorist organizations or acts...
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