Algocandy

🔹 Definition A Sanctions Check is the process of screening individuals, entities, countries, vessels, or transactions against official government or i…

🔹 Definition SSN Verification refers to the process of validating an individual’s U.S. Social Security Number (SSN) to confirm their identity for lega…

🔹 Definition Simplified Due Diligence (SDD) refers to a reduced level of customer due diligence that can be applied when the money laundering or terro…

🔹 Definition A Risk-Based Approach (RBA) is a compliance strategy that tailors the level of due diligence, monitoring, and mitigation efforts to the l…

🔹 Definition A Regulatory Agency is a governmental or statutory authority established to oversee, supervise, and enforce laws and regulations within a…

🔹 Definition A Red Flag refers to a warning indicator or anomaly that suggests the potential presence of fraud, money laundering, terrorist financing,…

🔹 Definition Real-World Assets (RWAs) refer to tangible or off-chain assets that exist outside the blockchain but are tokenized or digitally represent…

🔹 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…

🔹 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…

🔹 Definition The Register of Registrable Controllers (RORC) is a private register maintained by companies and limited liability partnerships (LLPs) in…