1
practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law
2
the natural person who is ultimately responsible for, owns, or controls a ‘customer’.
3
ultimately responsible with AML/CFT compliance
4
the level of due diligence needed for high-risk customers
5
moving money from one account to another and from one banking and financial institution to avoid detection of the actual source of the funds
6
an individual or entity whose identity matches most, but not all, of the identifier information provided in the UNSC Consolidated List.
7
diverse group of entities or individuals that are involved in activities outside of the traditional financial sector but have the potential to be exploited for money laundering, terrorist financing, or other illicit financial activities
8
processes used by financial institutions to collect and evaluate relevant information about a customer or potential customer.
9
If the reporting is done in regular performance of duties in good faith, no administrative, criminal, or civil proceedings shall lie against person who made the CTR or STR, whether such reporting results in any criminal prosecution under the AMLA.
10
prevention of a person targeted by sanctions from accessing or using his or her bank account or other financial assets
11
A central national agency responsible for receiving, analyzing, and transmitting disclosures on suspicious transactions to appropriate authorities.
12
includes the names of countries with strategic deficiencies in anti-money laundering and counterterrorism financing regimes
13
An element of an institution's anti-money laundering program in which customer activity is reviewed for unusual or suspicious patterns, trends or outlying transactions that do not fit a normal pattern
14
The agency within the US Department of the Treasury responsible for administering and enforcing economic sanctions issued as part of US foreign policy and by international organizations like the United Nations against targeted foreign countries.
15
entrusted with prominent public functions in a foreign country, senior executive of a state-owned corporation or important political party official
16
A warning signal that should bring attention to a potentially suspicious situation, transaction or activity.
17
punitive or restrictive actions taken by individual countries, regimes, or coalitions with the primary purpose of provoking a change in behavior or policy
18
Improper or illegal act of notifying a suspect that he or she is the subject of a Suspicious Transaction Report or is otherwise being investigated or pursued by the authorities.
19
financial intelligence unit of the Philippines
Crear