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Glossary

Glossary

FATF – Financial Action Task Force

AML – Anti-Money Laundering

CFT – Combating the Financing of Terrorism

AML/CFT - Anti-Money Laundering / Countering the Financing of Terrorism

BNI - Bearer-Negotiable Instrument

CDD -Customer Due Diligence

DNFBP - Designated Non-Financial Business or Profession

FIU - Financial Intelligence Unit

IN - Interpretive Note

ML - Money Laundering

MVTS - Money or Value Transfer Service(s)

NPO - Non-Profit Organisation

PEP - Politically Exposed Person

RBA - Risk-Based Approach

SR - Special Recommendation

SRB - Self-Regulatory Bodies

STR - Suspicious Transaction Report

TCSP - Trust and Company Service Provider

STR – Suspicious Transaction Report

WMD –Weapons of Mass Destruction

KYC – Know Your Customer

LEA – Law Enforcement Agency

TF – Terrorist Financing

GIABA – Inter-Governmental Action Group against Money Laundering in West Africa

CTR – Cash Transaction Report

ECTR – Electronic Currency Transaction Report

CDR – Currency Declaration Report

MER – Mutual Evaluation Report

NRA –National Risk Assessment

OFI – Other Financial Institutions

AMLRO – Anti-Money Laundering Reporting Officer

MLA – Mutual Legal Assistance

EI – Executive Instruments

BO – Beneficial Owner

MOU – Memorandum of Understanding

FIU – Financial Intelligence Centre

FIC – Financial Intelligence Centre

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