Glossary

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”.

Related Terms

  • 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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  • Anti Money Laundering (AML)

    The Patriot Act, which amends the Bank Secrecy Act (BSA), was adopted in response to the September 11, 2001 terrorist attacks. The Patriot Act is intended to strengthen U.S. measures to prevent, detect, and prosecute...

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