Glossary

Red Flag

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

Related Terms

  • Know Your Customer (KYC)

    Know Your Customer is the due diligence and bank regulation that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them.

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  • Retired Routing Number

    A number that is no longer active (or no longer accepted by an institution) for check transactions, ACH transactions and/or wire transfers.

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