International PEPs
International PEPs, short for International Politically Exposed Persons, are individuals who hold or have held significant public positions or prominent...
Domestic PEPs
Domestic PEPs, an abbreviation for Politically Exposed Persons, denote individuals who hold influential positions within their own country's political landscape.
Foreign PEPs
Foreign PEPs, short for Politically Exposed Persons, refer to individuals who hold prominent positions in foreign governments or international organizations.
Regulatory Perimeter
The regulatory perimeter refers to the boundaries or scope within which financial regulations and oversight apply. It defines the extent...
Money Laundering Risk Assessment
Money laundering risk assessment is the process of evaluating and analyzing the potential risks and vulnerabilities associated with money laundering...
Designated Non-Financial Businesses and Professions (DNFBPs)
Designated Non-Financial Businesses and Professions (DNFBPs) refer to specific categories of businesses and professions that are vulnerable to being exploited...
Suspicious Order Report (SOR)
A Suspicious Order Report (SOR) is a regulatory requirement in the field of anti-money laundering (AML) and controlled substances, aimed...
Automated Clearing House (ACH)
The Automated Clearing House (ACH) is an electronic funds transfer system that facilitates the secure and efficient transfer of funds...
Ultimate Beneficial Owner (UBO)
The Ultimate Beneficial Owner (UBO) refers to the natural person(s) who ultimately owns, controls, or benefits from a legal entity...
Threshold Reporting
Threshold reporting is a crucial aspect of anti-money laundering (AML) compliance that requires financial institutions and other reporting entities to...
AML metrics
Discover the power of AML metrics and learn how they can revolutionize your anti-money laundering efforts with our comprehensive guide....
Mutual Evaluation Reports (MERs)
Mutual Evaluation Reports (MERs) are comprehensive assessments conducted by international organizations, such as the Financial Action Task Force (FATF), to...
Outsourced Service Providers (AML)
Outsourced service providers, in the context of anti-money laundering (AML), refer to third-party entities or individuals hired by organizations to...
Regulated Sector
The regulated sector refers to specific industries and businesses that are subject to regulatory oversight and compliance obligations to prevent...
Targeted Financial Sanctions (TFS)
Targeted Financial Sanctions (TFS) refer to measures imposed by governments and international bodies to restrict or prohibit financial transactions with...
Banking Secrecy
Banking secrecy refers to the practice of protecting the confidentiality and privacy of customer information held by financial institutions. It...
Reputational Risk (AML)
Reputational risk, in the context of Anti-Money Laundering (AML), refers to the potential harm to an organization's reputation resulting from...
Regulatory Compliance Management
Regulatory compliance management refers to the process of ensuring that an organization complies with relevant laws, regulations, and industry standards...
Compliance Policies and Procedures
Compliance policies and procedures refer to the set of rules, guidelines, and protocols established by organizations to ensure adherence to...
Joint Money Laundering Intelligence Taskforce (JMLIT)
The Joint Money Laundering Intelligence Taskforce (JMLIT) is a collaborative initiative in the United Kingdom that brings together various government...
Financial Intermediary
A financial intermediary refers to an entity or institution that acts as a middleman or intermediary between individuals, businesses, or...
Financial Institution (FI)
A Financial Institution (FI) refers to an entity that provides financial services, such as banking, investment, insurance, or brokerage services.
Anti-Money Laundering Authority (AMLA)
The Anti-Money Laundering Authority (AMLA) refers to a regulatory body or agency established by a government or international organization to...
Suspicious Transaction Reporting (STR)
Suspicious Transaction Reporting (STR) is a vital component of anti-money laundering (AML) efforts, requiring financial institutions and other obligated entities...
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