Grey List
A grey list is a list of entities considered suspicious or at higher risk for potentially causing negative impacts to a firm. In the context of sanctions, the greylist includes countries with strategic deficiencies in their anti-money laundering and counter-terrorism financing regimes. These countries have not made sufficient progress or have not committed to action […]
Grantor
The party who transfers title or ownership of property or assets. In a trust, typically, the person who creates or funds the trust.
Governance
Governance is the allocation of power and decision-making authority among the board of directors and management to establish internal controls to manage risk and comply with laws, regulations, and internal policies. Governance may include systems of checks and balances and a responsibility for leadership and organisation.
Gatekeepers
Professionals such as lawyers, notaries, accountants, investment advisors, and trust and company service providers who assist in transactions involving the movement of money are deemed to have a particular role in identifying, preventing and reporting money laundering. Some countries impose due diligence requirements on gatekeepers, such as those of financial institutions.