AML Terms Easily Confused: Designated Non-Financial Businesses and Professions (DNFBPs) vs. Financial Institutions
This article explores the often-confused terms in AML regulations: Designated Non-Financial Businesses and Professions (DNFBPs) versus Financial Institutions.
AML Terms Easily Confused: Customer Due Diligence (CDD) vs. Enhanced Due Diligence (EDD)
This article explores the key differences between Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) in the context of Anti-Money Laundering (AML) terms.
AML Terms Easily Confused: Money Mule vs. Smurfing
Learn the key differences between two commonly confused AML terms: Money Mule and Smurfing.
AML Terms Easily Confused: Wire Transfer vs. Electronic Funds Transfer (EFT)
This article explores the key differences between wire transfers and electronic funds transfers (EFT) in the context of anti-money laundering (AML) terms.
AML Terms Easily Confused: Politically Exposed Persons (PEPs) vs. High-Risk Customers
Learn the key differences between Politically Exposed Persons (PEPs) and High-Risk Customers in the world of Anti-Money Laundering (AML).
AML Terms Easily Confused: Sanctions vs. Embargoes
Confused about the difference between sanctions and embargoes in the context of anti-money laundering (AML)? This article breaks down these commonly misunderstood terms, providing clarity and helping you navigate the complexities of AML regulations..
AML Terms Easily Confused: Beneficial Ownership vs. Legal Ownership
Learn the key differences between beneficial ownership and legal ownership in the context of anti-money laundering (AML) terms.
AML Terms Easily Confused: Risk Assessment vs. Risk Management
This article explores the key differences between risk assessment and risk management in the context of anti-money laundering (AML) terms.