Glossary

Red Flag

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

Related Terms

  • Bank Secrecy Act (BSA)

    Requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

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  • Correspondent Banking

    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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