Financial technology introduces not only advancements that benefit businesses but also complex risks associated with financial crimes, necessitating a stronger understanding and vigilant approach.
Understanding terms related to financial crime can empower businesses to enforce effective safeguards, spot suspicious methods, and reduce financial damage caused by tech-related criminal activities.
Maria Carrisa Sanchez emphasizes that recognizing entities like Politically Exposed Persons is critical, as they face heightened risks of involvement in financial crimes due to their influential positions.
The glossary provides essential definitions and concepts to enhance knowledge about financial crimes, ultimately aiming to protect businesses and stakeholders from potential financial losses.
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