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Grey List (FATF)
🔹 Definition The Grey List, officially known as the list of Jurisdictions Under Increased Monitoring, is published by the Financial Action Task Force …
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Guidelines on AML/CFT
🔹 Definition Guidelines on AML/CFT refer to the formal publications issued by regulatory authorities that provide detailed instructions, expectations,…
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Generative AI Fraud
🔹 Definition Generative AI Fraud refers to the use of artificial intelligence models, particularly generative models such as deepfakes, synthetic text…
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False Positive
🔹 Definition A False Positive in the context of compliance, fraud detection, or AML screening refers to a scenario where a system incorrectly flags a …
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Financial Crime Compliance (FCC)
🔹 Definition Financial Crime Compliance (FCC) refers to the frameworks, processes, controls, and technologies that organizations—particularly financia…
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Front Company
🔹 Definition A Front Company is a business entity that appears to be legitimate and engages in some level of commercial activity but is secretly contr…
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Fraud Scoring
🔹 Definition Fraud Scoring is a risk assessment technique that assigns a numerical score or risk level to a user, transaction, or account based on the…
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Forex (FX) Trading
🔹 Definition Forex (FX) Trading refers to the global, decentralized marketplace where participants buy, sell, exchange, and speculate on foreign curre…
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First-Party Fraud
🔹 Definition First-Party Fraud refers to a type of fraud in which an individual or entity intentionally misrepresents their own identity, financial st…
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Financial Intelligence Unit (FIU)
🔹 Definition A Financial Intelligence Unit (FIU) is a national agency responsible for receiving, analyzing, and disseminating information related to s…
