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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…
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Ultimate Beneficial Owner (UBO)
🔹 Definition An Ultimate Beneficial Owner (UBO) is the natural person who ultimately owns or controls a legal entity, such as a company, trust, or par…
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Nominee Shareholder
🔹 Definition A Nominee Shareholder is an individual or entity that holds shares in a company on behalf of another person, known as the beneficial owne…
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Register of Registrable Controllers (RORC)
🔹 Definition The Register of Registrable Controllers (RORC) is a private register maintained by companies and limited liability partnerships (LLPs) in…
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Nominee Director
🔹 Definition A Nominee Director is an individual appointed to serve on a company’s board on behalf of another person or entity, usually without exerci…
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Corporate Service Provider (CSP)
🔹 Definition A Corporate Service Provider (CSP) is a professional firm or entity that offers business administration and compliance services to compan…
