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...
Compliance Audit Trail
A compliance audit trail refers to the documented record of activities, events, and transactions that are captured, maintained, and monitored...
Customer Risk Rating
Customer Risk Rating refers to the process of assessing the level of risk associated with individual customers or entities based...
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...
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...
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...
Global Anti-Money Laundering (GAML): An Inclusive Dictionary Guide
Global Anti-Money Laundering (GAML) is a comprehensive framework and set of regulations aimed at preventing and detecting money laundering and...
Compliance Framework: Building a Strong Foundation for AML Compliance
A compliance framework involves conducting risk assessments to identify and evaluate AML risks. By understanding specific risks, organizations can implement...
Transaction Thresholds in Anti-Money Laundering
Explore the significance of transaction thresholds in Anti-Money Laundering (AML) compliance. Learn how these predetermined limits play a crucial role...
De-risking
De-risking refers to the strategic decision made by financial institutions to reduce or eliminate relationships with customers, sectors, or regions...
Compliance Training
Compliance training refers to the process of educating employees and individuals within an organization on the rules, regulations, policies, and...
Golden Visa Program: Residency and Citizenship Made Possible
Discover the world of Golden Visa Programs and how they offer a pathway to residency and citizenship through significant investments.
Regulatory Technology (RegTech): Revolutionizing AML Compliance
RegTech is revolutionizing AML compliance by leveraging advanced technologies to streamline and enhance regulatory processes. It empowers organizations and AML...
AML Compliance Program: Enhancing Risk Management and Regulatory Compliance
An AML Compliance Program is essential for organizations to mitigate the risks associated with money laundering and terrorist financing. Implementing...
Compliance Officer:Safeguarding AML Compliance with Kyros AML Data Suite
A compliance officer ensures adherence to regulations. They play a crucial role in managing risks and maintaining integrity. Learn more...
Source of Wealth (SoW)
In this article, we explore the concept of "Source of Wealth (SoW)" and its significance in assessing the legitimacy of...
Structuring Transactions
Structuring transactions, also known as smurfing or money structuring, refers to the practice of intentionally breaking down larger financial transactions...
Identity Verification
Identity verification refers to the process of verifying the identity of individuals or entities to ensure they are who they...
Blockchain Analysis
Blockchain analysis refers to the process of investigating and examining transactions recorded on a blockchain network to gain insights into...
Non-Face-to-Face Business Relationships
Non-face-to-face business relationships refer to interactions and transactions conducted remotely or without direct physical contact between the parties involved.
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