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
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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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Politically Exposed Persons (PEP)
Politically Exposed Persons: Individuals, or their relatives, who are prominent public functionaries.
