PEP (Politically Exposed Person): Refers to individuals, their immediate family
Members, and close associates who have been entrusted with a prominent public
function.

AML (Anti-Money Laundering): Federal mandates which require financial institutions
and Money Service Businesses to detect and prevent money laundering. Also
commonly referred to as BSA (Bank Secrecy Act) or BSA/AML.

KYC (Know Your Customer): The federally mandated process of identifying and
verifying a customer’s identity at the time of account opening and maintaining such
verification throughout the account relationship.