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RED FLAG

A potentially suspicious or money laundering situation raises a Red Flag or warning signal.

 

Related Terms

WEB SERVICES

Web service is part of a SOAP architecture and is defined as “a software system designed to support interoperable machine-to-machine communication”.  

SDN LIST

The Specially Designated Nationals (SDN) List is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business. A

SAFE HARBOR

Under SEC rules, safe-harbor provisions protect management from liability for making financial projections and forecasts made in good faith.