AML Acronyms Flashcards by Augustine Fayomi

Q

AML

A

Anti- Money Laundering

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Q

BSA

A

Bank Secrecy Act

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Q

CIP

A

Customer Identification Program

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Q

CRR

A

Customer Risk Rating

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Q

CTR

A

Currency Transaction Reporting

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Q

CDD

A

Customer/Client Due Diligence

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Q

EDD

A

Enhanced Due Diligence

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Q

*FINCEN

A

Financial Crimes Enforcement Network

Note: FINCEN in America is
NCA (National Crimes Agency) in UK
And FINTRAC in Canada

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Q

HRC

A

High Risk Customer

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Q

KYC

A

Know your Customer

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Q

LOB

A

Line of Business

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Q

MIL

A

Money Instrument Log

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Q

ML

A

Money Laundering

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Q

NSL

A

National Security Letter

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Q

OCC

A

Office of Controller of Currency

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Q

*OFAC

A

Office of Foreign Assets Control

Q

PEP

A

Politically Exposed Persons

Q

SAR

A

Suspicious Activity Reporting

Q

CAR

A

Continuous Activity Reporting

Q

CFT

A

Combating the Financing of Terrorism

Q

*FRB

A

Federal Reserve Board

Q

MSB

A

Money Service Businesses

Q

MLA

A

Money Laundering Act

Q

FIU

A

Financial Intelligence Unit

Q

LEA

A

Law Enforcement Agency

Q

*FATF

A

Financial Action Task Force

Q

BO

A

Beneficial Ownership

Q

AMLP

A

Anti-Money Laundering Program

Q

STR

A

Suspicious Transaction Report

Q

MLRO

A

Money Laundering Reporting Officer

Q

CTF

A

Counter Terrorism Financing

Q

ATR

A

Automatic Transaction Reporting