Glossary

Politically Exposed Persons (PEP)

Politically Exposed Persons: Individuals, or their relatives, who are prominent public functionaries.

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    The Financial Crimes Enforcement Network (or FinCEN) is a bureau of the United States Department of the Treasury that collects and analyzes information about financial transactions in order to combat money laundering, terrorist financiers, and...

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    A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.

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