Previously Used Routing Number
A routing number that was once the primary routing number for an institution and since replaced, but still accepted for payments.
Related Terms
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Know Your Business (KYB)
Know Your Business is the due diligence review of your business and industry which when reviewed against Money Laundering techniques allows you to develop policies and assess suspicious activities or transactions.
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Financial Crimes Enforcement Network (FINCEN)
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...
