Algocandy

🔹 Definition Physical Presence refers to the tangible, on-the-ground operations or representation of an individual, business, or organization in a spe…

🔹 Definition A Politically Exposed Person (PEP) is an individual who holds—or has held—a prominent public position, either domestically or internation…

🔹 Definition Proof of Income refers to any documentation that verifies an individual’s or entity’s earnings over a specified period, commonly used for…

🔹 Definition Proof of Funds (PoF) refers to a verifiable document or statement that demonstrates an individual’s or entity’s financial capacity to com…

🔹 Definition Proof of Address (PoA) refers to a document or verifiable record that confirms a person’s residential address, typically used in id…

🔹 Definition Phone Verification is a process used to confirm the ownership and validity of a mobile or landline phone number, typically as part of ide…

🔹 Definition Personally Identifiable Information (PII) refers to any data that can be used to identify, contact, or locate a specific individual, eith…

🔹 Definition Payment Fraud refers to any unauthorized or deceptive transaction conducted to steal funds, sensitive information, or digital assets duri…

🔹 Definition Operational Risk refers to the risk of loss resulting from inadequate or failed internal processes, people, systems, or from external eve…

🔹 Definition Offshore refers to the conduct of financial, business, or legal activities in a jurisdiction other than one’s country of residence …