Compliance Glossary

LIME (Local Interpretable Model-Agnostic Explanations) is a model explainability technique that generates human-readable explanations for ...

Liveness Detection is a biometric verification technique that confirms a digital identity check involves a physically present person rather ...

The Markets in Financial Instruments Directive II (MiFID II) is a European Union regulatory framework that governs investment services, ...

Model Monitoring is a risk management practice that continuously tracks deployed machine learning and statistical model performance over ...

Model Risk Management (MRM) is a risk discipline that identifies, measures, and controls the potential for financial loss, poor decisions, ...

Model Validation is a risk management process that independently evaluates whether a quantitative model is conceptually sound, operates as ...

Money laundering is a financial crime in which proceeds from illegal activities are processed through legitimate financial channels to ...

Money Laundering Reporting Officer (MLRO) is a designated senior compliance role at regulated financial institutions that receives internal ...

A money mule account is a bank or payment account used to receive, hold, and forward criminal proceeds on behalf of a fraud or money ...

Money or Value Transfer Services (MVTS) is a regulated financial service category in which a provider accepts funds from one party and ...

A mule network is a coordinated fraud infrastructure in which multiple individuals receive, hold, and forward illicit funds across a chain ...

A nested correspondent account is a banking arrangement in which a respondent bank grants third-party financial institutions access to a ...

Network analysis is an analytical method that maps entities and their relationships as a graph to detect coordinated financial crime ...

Network Token is a payments security credential that replaces a cardholder's Primary Account Number (PAN) with a surrogate value scoped to ...

NIST AI Risk Management Framework is a voluntary AI-governance framework published by the National Institute of Standards and Technology in ...

A nominee shareholder is a person or entity formally registered as a shareholder in a company's share register on behalf of the actual ...

The OFAC 50 Percent Rule is a sanctions guidance principle that treats any entity owned 50 percent or more, directly or indirectly, by one ...

Office of Foreign Assets Control (OFAC) is a U.S. Treasury Department agency that administers and enforces economic and trade sanctions ...

On-Chain Analytics is a blockchain investigation method that examines public ledger data, wallet addresses, and transaction flows to trace ...

Operational resilience is a risk management discipline that lets a financial institution keep delivering its important business services ...