Risk Management Process

False Negative
Avatar

False Negative in the matter of financial crime and money laundering is either (1) a ‘hit’ identified during the screening process as a potential alert, but is dismissed, when in fact there is a match to a target named on a sanctions list; or (2) screened activity that would have generated a hit if the…

Read more Combined Shape Copy 1Created with Sketch 1.
False Positive
Avatar

False positive in the financial crime and Anti-Money Laundering contexts is a ‘hit’ identified during the screening process as a possible red flag alert, but when reviewed by a Money Laundering Reporting Officer (MLRO) or compliance personnel of an obliged financial entity, is found not to be a match to a target named on a…

Read more Combined Shape Copy 1Created with Sketch 1.
Fingerprints of Activity
Avatar

Fingerprints of Activity is a financial investigatory method to identify accounts of known blockchain services and methods used by the perpetrators. By identifying the ‘modus operandi’ of a single suspect or of a group of threat actors, financial investigatory units (FIUs) can faster apprehend suspects and seize their assets. Related Articles Battles of Dirty Money and Blockchain: How…

Read more Combined Shape Copy 1Created with Sketch 1.
First-In, First-Out (FIFO)
Avatar

First In, First Out or ‘FIFO’, is an asset-management and valuation method in which assets produced or acquired first are sold, used, or disposed of first. The FIFO method is used for cost flow assumption purposes. Under FIFO, it is assumed that the cost of inventory purchased first will be recognized first. The dollar value…

Read more Combined Shape Copy 1Created with Sketch 1.

subscribe to newsletter

    You accept our Direct Marketing & Privacy Policies by submitting your info. Opt-out anytime.











    [ad_id_i][/ad_id_i]
    [adset_id_i][/adset_id_i]
    [ad_name_i][/ad_name_i]
    [adset_name_i][/adset_name_i]
    [placement_i][/placement_i]
    [campaignid_i][/campaignid_i]
    [adgroupid_i][/adgroupid_i]
    [keyword_i][/keyword_i]
    [placement_i][/placement_i]