PEP (Politically Exposed Person): Refers to individuals, their immediate family
Members, and close associates who have been entrusted with a prominent public
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.
Looking for anything specific article which resides in general queries? Just browse the various relevant folders and categories and then you will find the desired article.Contact Us