Compliance Glossary

Trade-Based Money Laundering (TBML) is an AML risk category in which criminals manipulate the price, quantity, or description of goods and ...

Transaction monitoring is an AML compliance process that automatically reviews customer transactions against behavioral baselines and known ...

The Travel Rule is an anti-money laundering requirement that obligates financial institutions and virtual asset service providers to pass ...

True Positive is a detection outcome in AML monitoring where a system-generated alert is confirmed, after analyst investigation, to reflect ...

A typology is a documented pattern of behavior that describes how criminals move, hide, or disguise illicit funds through the financial ...

UBO disclosure is a regulatory requirement that obliges companies and financial institutions to identify and report the natural persons who ...

Ultimate Beneficial Owner (UBO) is a natural person who ultimately owns or controls a legal entity through direct or indirect shareholding, ...

Underground banking is an informal money transfer system that moves funds between parties outside licensed banking channels, relying on ...

An unhosted wallet is a cryptocurrency wallet in which the user holds the private keys directly, with no financial institution or service ...

Unified Payments Interface (UPI) is a real-time payment system that lets users move money instantly between bank accounts through a mobile ...

A Virtual Asset Service Provider (VASP) is a business that conducts virtual asset activities, including exchange between crypto and fiat, ...

Voice cloning fraud is a social engineering attack in which AI-generated synthetic audio, trained to replicate a specific person's voice, ...

Weapons of Mass Destruction Financing is a financial crime typology in which funds, assets, or financial services are provided to support ...

Wildlife Trafficking Typology is a financial crime typology that identifies the transaction patterns, behavioral indicators, and money ...

The Wolfsberg Group is an association of thirteen global banks that develops industry standards and guidance for managing financial crime ...

WORM storage is a data storage technology that allows data to be written exactly once and then prevents any modification or deletion; ...

Zero Trust Architecture (ZTA) is a cybersecurity framework that eliminates implicit trust from every user, device, and network segment, ...