Unusual Transaction
Transactions that appear designed to circumvent reporting requirements are inconsistent with the account’s transaction patterns or deviate from the activity expected for that type of account.
United Nations
The United Nations (UN) plays a crucial role in setting international standards and policies to combat money laundering and terrorist financing. Through bodies such as the UN Office on Drugs and Crime (UNODC) and the Financial Action Task Force (FATF), the UN develops guidelines, conventions, and resolutions to promote global cooperation, enhance regulatory frameworks, and […]
Ultimate Beneficial Owner (UBO)
Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism.” This Act significantly enhanced the capabilities of U.S. law enforcement agencies in their fight against terrorism, both domestically and internationally. It was enacted as a direct response to the September 11, 2001 terrorist attacks and signed by President George W. Bush […]