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Money Laundering

The process of making large amounts of money obtained from serious crimes, such as drug trafficking or terrorist financing, appear to have come from a legitimate source.

Jurisdiction of Primary Money Laundering Concern

A formal label applied by the U.S. Treasury Department to countries or regions where there are significant concerns about their role in illegal money activities, potentially leading to specific financial restrictions.

Export Controls

Government rules that restrict the sale or transfer of certain technologies, products, or information to foreign countries, often for national security reasons or to prevent proliferation of weapons.

Sanctions

Penalties or restrictions imposed by one country on another, or on specific individuals or entities, often to pressure them to change their policies or behavior, such as limiting trade or freezing assets.

Financial Institutions

Organizations that deal with money, such as banks, credit unions, and investment firms.

Anti-Money Laundering (AML) Procedures

Rules and processes that financial institutions must follow to detect and prevent money laundering.

Know-Your-Customer (KYC) Procedures