Algocandy

🔹 Definition Legal Risk refers to the possibility of financial loss, regulatory penalties, or reputational damage resulting from legal actions, unenfo…

🔹 Definition Layering is the second stage of the money laundering process, where illicit funds are deliberately moved, disguised, or transformed throu…

🔹 Definition Liveness Detection is a biometric security technique used to distinguish between a real, live human being and a fake or spoofed biometric…

🔹 Definition In the context of anti-money laundering (AML) and counter-terrorism financing (CFT), Knowledge refers to a mental state of awareness in w…

🔹 Definition Know Your Vendor (KYV) is the process of identifying, verifying, and assessing the risk profile of vendors or service providers a company…

🔹 Definition Know Your Supplier (KYS) is the process of vetting, verifying, and continuously monitoring third-party suppliers to ensure they are legit…

🔹 Definition Know Your Seller (KYS) is the process of verifying the identity, legitimacy, and compliance risk of individuals or entities who offer goo…

🔹 Definition Know Your Merchant (KYM) is the process of verifying the identity, legitimacy, business activities, and risk profile of a merchant before…

🔹 Definition Know Your Investor (KYI) is the process of verifying the identity, background, and risk profile of investors before allowing them to part…

🔹 Definition Know Your Employee (KYE) is the process of verifying the identity, background, and integrity of employees—particularly those in sensitive…