Compliance Glossary

An acquirer bank is a financial institution that processes card payments on behalf of a merchant, routing transaction requests to the card ...

Adverse media screening is a KYC due diligence process that searches news archives, regulatory publications, and public records for ...

Agentic AI is an AI system category in which software agents autonomously plan, reason, and execute multi-step tasks toward a defined goal, ...

An AI agent is a software system that perceives inputs from its environment, applies reasoning or machine learning logic, and executes ...

AI bias (also called algorithmic bias) is a systematic distortion in machine learning model outputs that causes predictions or decisions to ...

AI Risk Management is a governance discipline that systematically identifies, assesses, mitigates, and monitors risks arising from ...

An alert is a notification generated by a transaction monitoring system that flags a customer account or financial activity for review by ...

Alert disposition is a compliance workflow action in which an analyst reviews a transaction monitoring alert and assigns a documented ...

AML risk assessment is an anti-money laundering process that identifies, measures, and prioritizes the money laundering and terrorist ...

Anti-Money Laundering (AML) is a set of laws, regulations, and procedures that financial institutions must follow to detect, prevent, and ...

Art-Based Money Laundering is an AML typology in which criminals use art market transactions to conceal, transfer, or integrate proceeds of ...

Asset freezing is a legal enforcement measure that prohibits a designated person, entity, or state from accessing, transferring, or ...

Audit trail is a chronological record that documents every action, access event, and modification applied to a transaction, system, or ...

Authorization rate is a payments performance metric that measures the share of card transaction attempts approved by the issuing bank, ...

Authorized Push Payment (APP) fraud is a payment fraud type in which a victim is deceived into initiating a bank transfer to a fraudster's ...

The Bank Secrecy Act (BSA) is a United States federal law that requires financial institutions to maintain transaction records and file ...

Basel III is a set of international banking regulations that strengthens capital requirements, introduces leverage and liquidity standards, ...

Basel IV is a set of international banking regulations that revises how banks calculate risk-weighted assets and capital requirements, ...

Beneficial Owner is a KYC classification that identifies the natural person who ultimately owns or controls a legal entity, regardless of ...