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Non-Profit Organizations (NPO)
🔹 Definition Non-Profit Organizations (NPOs) are entities established primarily for charitable, religious, educational, cultural, humanitarian, or pub…
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Non-Doc Verification
🔹 Definition Non-Doc Verification refers to the process of verifying a customer’s identity or risk profile without requiring traditional identity docu…
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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…
