A
ABC - Anti-Bribery and Corruption
AML - Anti-Money Laundering FATF Financial Action Task Force
AML/CTF - Anti-Money Laundering/Counter-Terrorism Financing Rules
AMLD - Anti-Money Laundering Directive
API - Application Programming Interface
APTs - Asset Protection Trusts
ARS - Alternative Remittance System
ATMs - Automatic Teller Machines
AVM - Adverse Media
B
BO - Beneficial Ownership
BSA - Bank Secrecy Act
BU - Business Unit
C
CDD - Customer Due Diligence
CFT - Combating the Financing of Terrorism
CRO - Chief Risk Officer
CRS - Common Reporting Standard
CSP - Corporate Service Provider
CTR - Currency Transaction Reporting
D
DOJ - Department of Justice (US)
DNFBP - Designated Non-Financial Businesses & Professions
DJ - Dow Jones
DOW ID - Dow Jones ID
E
EDD - Enhanced Due Diligence
EFT - Electronic Funds Transfer
eIDV - Electronic Identification & Verification
EU - European Union
F
FATCA - Foreign Account Tax Compliance
FATF - Financial Action Task Force
FCA - Financial Conduct Authority (UK)
FinCEN - Financial Crimes Enforcement Network
FSRB - Financial Action Task Force Style Regional Bodies
FIU - Financial Intelligence Unit
FX - Foreign Exchange Market
G
GRC - Governance, Risk & Compliance
H
HMT - His Majesty’s Treasury (UK)
HNWI - High Net Worth Individual
I
ID&V - Identification & Verification
IVTS - Informal Value Transfer System
IBC - International Business Company
IMF - International Monetary Fund
IWL - Internal Watchlist
J
JMLIT - Joint Money Laundering Intelligence Taskforce
JMLSG - Joint Money Laundering Steering Group (UK)
K
KY3P - Know Your Third Party
KYB - Know Your Business
KYC - Know Your Customer
KYCC - Know Your Customer’s Customer
KYE - Know Your Employee
L
LC - Letter of Credit
M
MiFID - Markets in Financial Instruments Directive
MOU - Memorandum of Understandin
MLRO - Money Laundering Reporting Officer
MSB - Money Service Business
MONEYVAL - Committee of Experts on the Evaluation of Anti-Money Laundering Measures & the Financing of Terrorism
N
NGO - Non-Governmental Organisation
NPO - Non-Profit Organisation
NRA - National Risk Assessment
O
OFC - Offshore Finance Centre
OECD - Organisation for Economic Cooperation and Development
OFAC - Office of Foreign Asset Control (US)
OFSI - Office of Financial Sanctions Implementation (UK)
OTH - Other
P
PEP - Politically Exposed Person
PIC - Private Investment Company
PSP - Payment Services Provider
px - Pixels
R
RBA - Risk-Based Approach
RCA - Relative or Close Associate
S
SAN - Sanctioned Individual
SAR - Suspicious Activity Report
SDN - Specially Designated National
SIE - Special Interest Entity
SIP - Special Interest Person
STR - Suspicious Transaction Report
T
TBML - Trade-Based Money Laundering
TCSP - Trust & Corporate Service Provider
TF - Terrorist Financing
U
UBO - Ultimate Beneficial Owner
UN - United Nations
URL - Uniform Resource Locator
UNK - Unknown
W
WBL - Watch and BlackList
WC - WorldCheck