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CDD Final Rule
(Customer Due Diligence Final Rule) 🔹 Definition The Customer Due Diligence (CDD) Final Rule is a regulation issued by the U.S. Financial Crimes Enfor…
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Customer Due Diligence (CDD)
🔹 Definition Customer Due Diligence (CDD) is the process by which financial institutions and other regulated entities identify and verify the identity…
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Black Market Peso Exchange (BMPE)
🔹 Definition Black Market Peso Exchange (BMPE) is an underground money laundering system that originated in Latin America, particularly in Colombia. I…
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Unique Entity Number (UEN)
🔹 Definition A Unique Entity Number (UEN) is the standard identification number issued by the Singapore government to all entities registered in Singa…
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Business Profile
🔹 Definition A Business Profile is an official summary document issued by a government registry—such as Singapore’s Accounting and Corporate Regulator…
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BizFile
🔹 Definition BizFile is the online business filing and information portal operated by the Accounting and Corporate Regulatory Authority (ACRA) of Sing…
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Business Verification
🔹 Definition Business Verification is the process of confirming the legal existence, structure, and legitimacy of a company or organization. It is a c…
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Bulk Cash Smuggling
🔹 Definition Bulk Cash Smuggling refers to the physical transportation of large amounts of currency—often across borders—without declaring it to autho…
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Biometric Authentication
🔹 Definition Biometric Authentication is a method of identity verification that uses unique biological or behavioral characteristics of an individual—…
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Beneficial Owner
🔹 Definition A Beneficial Owner is the natural person who ultimately owns or controls a legal entity, such as a company, trust, or partnership—even if…
