BUSINESS
June 19, 2022

Financial Sector

Financial Sector What Is the Financial Sector? The financial sector is a section of the economy made of firms and institutions that provide financial services to commercial and retail customers. This sector comprises a broad range of industries including banks, investment companies, insurance companies, and real estate firms. KEY POINTS The financial sector is a […]

BUSINESS
April 27, 2022

Anti Money Laundering (AML)

Anti Money Laundering (AML) What Is Anti-money Laundering (AML)? Anti-money laundering (AML) refers to the online laws, regulations, and procedures aimed toward uncovering efforts to disguise illicit funds as legitimate income. Money laundering seeks to hide crimes starting from small-time evasion and traffic to public corruption and also the financing of groups designated as terrorist […]

BUSINESS
February 18, 2022

Primary Regulator

What Is a Primary Regulator? A primary regulator is a state or federal regulatory agency tasked with being the most supervising entity of a financial organization. In most cases, this can be the identical agency that issued the initial charter allowing the financial organization to control. Banks and other financial institutions must file quarterly call […]

BUSINESS
February 15, 2022

Combating the Financing of Terrorism (CFT)

What Is Combating the Financing of Terrorism (CFT)? Combating the Financing of Terrorism (CFT) is a set of presidential laws, regulations, and other practices that are intended to limit access to funding and financial services for those whom the govt designates as terrorists. By tracking down the source of the funds that support terrorist activities, […]