Algocandy

🔹 Definition A Registered Filing Agent (RFA) is a business entity registered with the Accounting and Corporate Regulatory Authority (ACRA) of Singapor…

🔹 Definition A Qualified Individual (QI) refers to a person who is authorized to act on behalf of a registered Filing Agent (FA) in transactions with …

🔹 Definition A Qualified Intermediary (QI) is a non-U.S. financial institution or intermediary that has entered into a formal agreement with the U.S. …

🔹 Definition A Ponzi Scheme is a type of fraudulent investment scam that promises high returns with little or no risk to investors, but instead of gen…

🔹 Definition Placement is the first stage in the money laundering process, during which illicit funds are introduced into the financial system or econ…

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

🔹What Is a Politically Exposed Person (PEP)? A Politically Exposed Person (PEP) refers to an individual who is or has been entrusted with a prominent …

🔹 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…