Compliance Governance: An Inclusive Dictionary Guide
Explore the world of compliance governance and its significance in maintaining regulatory compliance and managing risks. Learn how Kyros AML...
Typologies of Money Laundering
Typologies of money laundering, as elucidated in the realm of illicit finance, connote an extensive array of methodologies, stratagems, and...
Cross-Border Transactions: An Ample Dictionary Guide
Cross-border transactions involve the movement of funds, goods, or services between different countries. These transactions can pose unique challenges for...
Enterprise-Wide Risk Assessment
Enterprise-Wide Risk Assessment (EWRA) is a comprehensive process carried out by an organization to identify, assess, and prioritize risks across...
Risk-Based AML Supervision
Risk-Based AML Supervision refers to the regulatory approach adopted by authorities and supervisory bodies to oversee and monitor the anti-money...
Compliance Software
Compliance software refers to specialized software applications or platforms designed to assist organizations in managing and streamlining their compliance processes.
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...
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...
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...
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.
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...
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,...
Financial Fraud Detection
Financial fraud detection refers to the process of identifying and preventing fraudulent activities within the financial system.
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...
Risk Tolerance in Anti-Money Laundering
Delve into the intricacies of risk tolerance in the world of anti-money laundering (AML) and understand its profound significance in...
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