Glossary

Red Flag

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

Related Terms

  • Financial Institution

    Any public or private bank, credit union, or savings and loan, subject to national and state banking laws, and capable of both accepting deposits and making loans. These institutions collect funds from the public or...

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  • BIS Denied Person list

    The Bureau of Industry and Security (BIS) of the U.S. Department of Commerce is responsible for the regulation of exports for national security, foreign policy, and nonproliferation reasons, as well as the enforcement of those...

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