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Electronic Funds Transfer (EFT)
🔹 Definition Electronic Funds Transfer (EFT) refers to the digital movement of money from one bank account to another without the need for paper-based…
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Enhanced Due Diligence (EDD)
🔹 Definition Enhanced Due Diligence (EDD) refers to a higher level of scrutiny applied to customers or transactions that pose an increased risk of mon…
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End-to-End KYC Process
🔹 Definition The End-to-End KYC Process refers to the complete lifecycle of Know Your Customer (KYC) procedures implemented by financial institutions,…
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Employment Verification
🔹 Definition Employment Verification is the process of confirming whether an individual is currently or previously employed by a specific organization…
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Employer Identification Number (EIN)
🔹 Definition An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS) in the United States…
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Email Verification
🔹 Definition Email Verification is the process of confirming the validity, ownership, and deliverability of an email address. It ensures that the addr…
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Domestic Transfer
🔹 Definition A Domestic Transfer refers to the movement of funds between two bank accounts located within the same country. These transactions are gov…
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Document Check
🔹 Definition Document Check refers to the process of verifying the authenticity, validity, and accuracy of physical or digital documents submitted dur…
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Digital Services Act (DSA)
🔹 Definition The Digital Services Act (DSA) is a landmark regulation introduced by the European Union (EU) to create a safer, more transparent, and ac…
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Digital Operational Resilience Act (DORA)
🔹 Definition The Digital Operational Resilience Act (DORA) is a regulation adopted by the European Union that establishes a unified framework for the …
