Financial Action Task Force (FATF)
FATF is an intergovernmental organisation whose mission is to develop and promote national and international policies to prevent and combat money laundering and terrorist funding. The FATF encourages the successful implementation of legal, regulatory, and operational measures to combat money laundering, terrorism financing, and other risks to the integrity of the international financial system. See […]
False Negative
Either (1) a hit that is identified as a possible alert during the screening process but is dismissed, despite the fact that there is a match to a target named on a sanctions list; or (2) screened activity that would have generated a hit if the screening process had been calibrated to detect such activity, […]
Facilitation
Actions taken by one person or more to assist or support another in carrying out an activity. In a sanctioned environment, facilitation occurs when one individual (person A) is not permitted to engage in an activity, which directs or indirectly facilitates or encourages another person (person B) to engage in that activity. The behaviour may […]