Anti-money laundering
The legal, supervisory and operational measures intended to detect, prevent and report the concealment or use of proceeds from criminal activity.
Also known as AML
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Risk & compliance
Explore risk and compliance terminology with attention to source, activity and jurisdiction.
Search names and aliases. Each definition links to its sources.
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8 terms
HIPAA
The US Health Insurance Portability and Accountability Act, whose framework includes rules for specified health information, administrative transactions and covered entities.
Also known as Health Insurance Portability and Accountability Act
ISO/IEC 27001
An international standard specifying requirements for an information security management system, commonly abbreviated ISMS.
Also known as ISO 27001
Know your customer
Processes used to establish and understand a customer’s identity, relevant account facts and authority to act, within the applicable relationship and regulatory framework.
Also known as KYC
Payment fraud prevention
The controls used to reduce unauthorized, deceptive or abusive payment activity through prevention, detection and review.
Also known as fraud prevention
PCI DSS
The Payment Card Industry Data Security Standard: a baseline of technical and operational requirements for protecting payment account data in its defined scope.
Also known as Payment Card Industry Data Security Standard
SOC 2
An independent CPA examination and report about a service organization’s controls relevant to selected AICPA Trust Services Criteria.
Also known as SOC 2 report
Virtual asset service provider
A natural or legal person not covered elsewhere in the FATF Recommendations that, as a business, performs specified virtual-asset activities for or on behalf of others.
Also known as VASP