Compliance Glossary

End-user screening is a sanctions and export control compliance process that verifies the identity and risk status of the final recipient ...

Enhanced Due Diligence (EDD) is a KYC process that applies heightened identity verification, source-of-funds investigation, and ongoing ...

Enterprise-Wide Risk Assessment (EWRA) is an AML governance exercise that measures a financial institution's total exposure to money ...

Entity Resolution is a data management process that determines whether records across disparate datasets describe the same real-world ...

The European Market Infrastructure Regulation (EMIR) is an EU regulation that governs over-the-counter derivatives, central counterparties, ...

Explainability is an AI-governance property that describes the degree to which an automated system's decisions can be understood, traced, ...

Export Control is a legal and regulatory system that governs the export and re-export of goods, software, technology, and services across ...

F1 Score is a model performance metric that computes the harmonic mean of precision and recall, giving a single balanced measure of a ...

Fair Lending is a legal and regulatory framework that prohibits discrimination in credit transactions based on protected characteristics ...

False Negative is a classification error in AML and fraud detection systems where a genuinely suspicious transaction, entity, or behavior ...

A false positive is a transaction monitoring alert in AML compliance that flags a legitimate, non-suspicious transaction as potentially ...

Faster Payments Service (FPS) is a UK real-time payment system that lets people and businesses send sterling transfers between bank ...

FATF Black List is a sanctions designation maintained by the Financial Action Task Force that identifies countries with critical strategic ...

FATF Grey List is a public monitoring designation issued by the Financial Action Task Force that identifies countries with strategic ...

The FedNow Service is an instant payment system operated by the U.S. Federal Reserve that lets banks and credit unions settle transactions ...

Financial Action Task Force (FATF) is an intergovernmental body established in 1989 that sets global standards for anti-money laundering, ...

Financial Crime Compliance (FCC) is a regulatory discipline that combines policies, controls, and reporting obligations banks use to ...

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury that collects, analyzes, and ...

A Financial Intelligence Unit (FIU) is a government agency that receives, analyzes, and disseminates financial disclosures from regulated ...

First-party fraud is a type of financial fraud in which a person uses their own genuine identity to obtain credit, goods, or services from ...