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Suspicious Transaction Report (STR)
🔹 Definition A Suspicious Transaction Report (STR) is a formal notification submitted by a reporting entity to the relevant Financial Intelligence Uni…
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Suspicious Activity Report (SAR)
🔹 Definition A Suspicious Activity Report (SAR) is an official document submitted by financial institutions or obligated entities to a regulatory auth…
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Smurfing
🔹 Definition Smurfing is a money laundering technique in which large sums of illicit money are broken down into smaller, less suspicious amounts and d…
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Sanctions Check
🔹 Definition A Sanctions Check is the process of screening individuals, entities, countries, vessels, or transactions against official government or i…
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SSN Verification
🔹 Definition SSN Verification refers to the process of validating an individual’s U.S. Social Security Number (SSN) to confirm their identity for lega…
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Simplified Due Diligence (SDD)
🔹 Definition Simplified Due Diligence (SDD) refers to a reduced level of customer due diligence that can be applied when the money laundering or terro…
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Risk-Based Approach (RBA)
🔹 Definition A Risk-Based Approach (RBA) is a compliance strategy that tailors the level of due diligence, monitoring, and mitigation efforts to the l…
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Regulatory Agency
🔹 Definition A Regulatory Agency is a governmental or statutory authority established to oversee, supervise, and enforce laws and regulations within a…
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Red Flag
🔹 Definition A Red Flag refers to a warning indicator or anomaly that suggests the potential presence of fraud, money laundering, terrorist financing,…
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Real-World Assets (RWAs)
🔹 Definition Real-World Assets (RWAs) refer to tangible or off-chain assets that exist outside the blockchain but are tokenized or digitally represent…
