Take a break and try out this fun AML Game!
AML Compliance Match
Master anti-money laundering terminology!
Score: 0
/10
Terms
EDD
SAR
PEP
BSA
Smurfing
CTR
CDD
FATF
Layering
KYC
Definitions
Customer Due Diligence - ongoing monitoring and risk assessment of customers
Currency Transaction Report - required for cash transactions over $10,000
Complex layers of transactions to obscure the money trail in laundering schemes
Suspicious Activity Report - filed when unusual transactions are detected
Breaking large transactions into smaller amounts to avoid detection thresholds
Bank Secrecy Act - US law requiring financial institutions to assist in detecting money laundering
Financial Action Task Force - international body setting AML/CFT standards
Know Your Customer - the process of verifying client identity and assessing risk
Politically Exposed Person - individual with prominent public function who poses higher risk
Enhanced Due Diligence - additional scrutiny for high-risk customers and transactions
