Regulatory Action (AML)
Regulatory action in the context of anti-money laundering (AML) refers to the enforcement measures taken by regulatory authorities to ensure...
Compliance Audit Trail
A compliance audit trail refers to the documented record of activities, events, and transactions that are captured, maintained, and monitored...
Regulatory Reporting
Regulatory reporting refers to the process of submitting timely and accurate reports to regulatory authorities as required by applicable laws,...
AML Internal Controls
AML Internal Controls refer to the policies, procedures, and processes implemented within an organization to detect, prevent, and mitigate the...
Customer Risk Rating
Customer Risk Rating refers to the process of assessing the level of risk associated with individual customers or entities based...
Typologies and Trends in Money Laundering
Typologies and trends in money laundering refer to the various methods, techniques, and patterns employed by criminals to launder illicitly...
Supervisory Authorities
Supervisory authorities, also known as regulatory bodies or regulatory agencies, are government entities responsible for overseeing and regulating specific industries...
Risk Ranking
Risk ranking is a process of evaluating and prioritizing risks based on their likelihood and potential impact on an organization....
The Three Lines of Defense Model
The Three Lines of Defense Model is a risk management framework that helps organizations establish clear responsibilities and accountabilities for...
Compliance Risk Management
Compliance risk management refers to the process of identifying, assessing, and mitigating risks associated with non-compliance with applicable laws, regulations,...
Corruption Perception Index (CPI)
The Corruption Perception Index (CPI) is a global indicator that measures the perceived levels of public sector corruption in different...
Financial Fraud Detection
Financial fraud detection refers to the process of identifying and preventing fraudulent activities within the financial system.
Data Protection and Privacy (AML)
Data protection and privacy in the context of anti-money laundering (AML) refers to the safeguarding of personal and sensitive information...
High-Risk Jurisdictions
High-risk jurisdictions, also known as high-risk countries or high-risk regions, refer to geographic locations that are identified as having a...
Regulatory Enforcement Actions
Regulatory enforcement actions refer to the actions taken by regulatory authorities to enforce compliance with applicable laws, regulations, and industry...
Bearer Shares
Bearer shares, also known as bearer instruments, are a form of share ownership in which physical share certificates are issued...
Fraudulent Documentation
Fraudulent documentation refers to the creation, alteration, or presentation of falsified or deceptive documents with the intent to deceive or...
Currency Smuggling
Currency smuggling refers to the illegal transportation or movement of physical currency across borders without proper declaration or authorization. It...
Risk Scoring
Risk scoring is a method used in the field of anti-money laundering (AML) and risk management to assess and quantify...
Compliance Checklist
A compliance checklist is a tool used by organizations to ensure adherence to regulatory requirements, industry standards, and internal policies.
Risk Mitigation in Anti-Money Laundering
Discover effective strategies and best practices for risk mitigation in Anti-Money Laundering (AML). Learn how AML professionals can assess customer...
Compliance Testing: An All-encompassing Dictionary Guide
Compliance testing is a process that evaluates whether an organization is conforming to applicable laws, regulations, and internal policies. It...
Reporting Obligations in Anti-Money Laundering (AML) Compliance: A Broad Dictionary Guide
Financial institutions have reporting obligations to fulfill when they come across transactions or activities that raise suspicions of money laundering...
Red Flags (AML): A Wide-ranging Dictionary Guide
In the realm of Anti-Money Laundering (AML) compliance, identifying suspicious activities is crucial. This article explores “Red...
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