Compliance Glossary

The Foreign Corrupt Practices Act (FCPA) is a U.S. federal law that prohibits paying bribes to foreign government officials to win or keep ...

Fourth-party risk is an operational-resilience exposure that arises when a bank's direct vendors rely on their own subcontractors, creating ...

Fraud basis points (BPS) is a fraud performance metric that expresses fraud losses as a fraction of total transaction volume processed, ...

Fraud loss is a financial metric that measures the net monetary value a financial institution absorbs from fraudulent transactions after ...

Fraud Rate is a fraud performance metric that measures the proportion of transactions confirmed as fraudulent within a defined period, ...

A Free Trade Zone (FTZ) is a designated geographic area where goods can be imported, stored, processed, and re-exported with reduced or ...

Fuzzy matching is a string comparison technique that identifies approximate matches between text strings, used in sanctions screening to ...

General Data Protection Regulation

General Data Protection Regulation

The General Data Protection Regulation (GDPR) is a European Union data-privacy law that governs how organizations collect, process, store, ...

goAML is an integrated software application that financial intelligence units use to collect, manage, and analyze suspicious transaction ...

goAML Typology Codes is a standardized set of classification identifiers embedded in the UNODC goAML reporting platform that categorizes ...

goAML XML Template is a standardized XML schema defined by the United Nations Office on Drugs and Crime (UNODC) that specifies the data ...

Golden Record is a data management concept in KYC that refers to the single, authoritative, deduplicated customer profile assembled from ...

Graph Analytics is a computational technique that models financial entities and their relationships as nodes and edges in a mathematical ...

A Hardware Security Module (HSM) is a physical computing device that generates, stores, and manages cryptographic keys within a ...

Hawala is an informal value transfer system that moves money across borders through a network of trusted brokers called hawaladars, using ...

Horizon scanning is a risk management technique that systematically identifies emerging threats, regulatory changes, and developing trends ...

Human trafficking typology is an AML framework that catalogs the financial patterns, transaction behaviors, and money movement techniques ...

Human-in-the-Loop (HITL) is an AI-governance design principle that requires a qualified human reviewer to inspect, approve, or override an ...