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Neobank
🔹 Definition A Neobank is a fully digital, branchless bank that provides financial services exclusively through mobile apps or web platforms, without …
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NIS2 Directive
🔹 Definition The NIS2 Directive is the updated European Union (EU) cybersecurity legislation, formally titled the Directive on Measures for a High Com…
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NFC Verification
🔹 Definition NFC Verification refers to the use of Near Field Communication (NFC) technology to electronically read and verify identity documents (suc…
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Monitoring
🔹 Definition Monitoring refers to the ongoing process of observing, analyzing, and assessing customer activity, transactions, behaviors, and risk indi…
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Multi-Factor Authentication (MFA)
🔹 Definition Multi-Factor Authentication (MFA) is a security mechanism that requires users to provide two or more independent verification factors to …
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Multi-Accounting
🔹 Definition Multi-Accounting refers to the unauthorized or deceptive practice of a single individual or entity creating and operating multiple user a…
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Money Mule
🔹 Definition A Money Mule is an individual who transfers or moves illegally obtained funds on behalf of someone else—often a criminal or organized cri…
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Money Laundering Reporting Officer (MLRO)
🔹 Definition The Money Laundering Reporting Officer (MLRO) is the designated individual within a regulated entity—such as a financial institution, cor…
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MiCA Regulation
🔹 Definition The MiCA Regulation, short for Markets in Crypto-Assets Regulation, is a comprehensive legal framework adopted by the European Union (EU)…
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MRZ Code (Machine Readable Zone)
🔹 Definition MRZ Code, or Machine Readable Zone, refers to the section of a passport or identity document that contains standardized, encoded informat…
