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FullCircl Glossary

This glossary covers many of the common terms associated with finance institutions, the client onboarding process and financial terms you might find on a typical company profile within FullCircl.

A

Actionable Insights

Anti-Bribery and Corruption (ABC)

Anti-Money Laundering (AML) Checks

Application Programming Interface (API)

Association of British Insurers (ABI)

Association of Certified Anti-Money Laundering Specialists (ACAMS)

B

Beneficial Owner (Ultimate Beneficial Owner)

Borrowing Ratio

British Insurance Brokers Association (BIBA)

Business Information Graph (B.I.G™)

C

Certified Anti-Money Laundering Specialist (CAMS)

Chartered Insurance Insitute (CII)

Chief Risk Officer (CRO)

Companies House

Corporate Governance

Counter Financing of Terrorism (CTF)

Counter Terrorist Financing (CFT)

County Court Judgement (CCJ)

Credit Account Information Sharing (CAIS)

Credit Decisioning

Credit Reference Agency (CRA)

Customer Due Diligence (CDD)

Customer Lifecycle Intelligence (CLI)

Customer Lifecycle Management (CLM)

Customer Onboarding

Customer Screening

D

Data Conflation

Data Driven Architecture

Data Processing Officer (DPO)

Decision Engine

Defence Against Money Laundering (DAML)

Digital Transformation

Directors and Officers Insurance

E

Earnings Before Interest and Tax (EBIT)

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA)

Electronic Know Your Customer (eKYC)

Employers Liability Insurance (EL)

Enhanced Due Diligence (EDD)

F

Financial Action Task Force (FATF)

Financial Conduct Authority (FCA)

Financial Intelligence Unit (FIU)

Fraud and Anti-Money Laundering (FRAML)

G

Gazette Notices

General Data Protection Regulation (GDPR)

Governance, Risk and Compliance (GRC)

H

His Majesty’s Treasury (HM Treasury)

I

Identity Verification (ID&V)

Intangible Fixed Assets

International Corruption Unit (ICU)

Issued Share Capital

J

Joint Money Laundering Steering Group (JMLSG)

K

Know Your Business (KYB)

Know Your Customer (KYC)

L

Low-Code / No-Code

M

Fifth EU Money Laundering Directive (5MLD / AMLD5)

Fourth EU Money Laundering Directive (4MLD / AMLD4)

Management Liability Policy (MLP)

Money Laundering (ML)

Money Laundering Reporting Officer (MLRO)

Sixth EU Money Laundering Directive (6MLD / AMLD6)

N

National Crime Agency (NCA)

Net Revenue Retention (NRR)

Next-Best Action

O

Office of Foreign Assets Control (OFAC)

Operating Profit

Own Risk and Solvency Assessment (ORSA)

P

Payment Services Directive 2 (PSD2)

Person of Significant Control (PSC)

Politically Exposed Person (PEP)

Prudential Regulation Authority (PRA)

R

Ranking Heuristics

Reputationally Exposed Person (REP)

Retained Earnings

Risk Management

Risk-Based Approach (RBA)

S

Sanction Designated National (SDN)

Shareholder Equity

Small Payment Institution (SPI)

Software as a Service (SaaS)

State Invested Enterprise (SIE)

Straight-Through Processing (STP)

Structured Finance

Suspicious Activity Report (SAR)

T

Tangible Fixed Assets

Terrorist Financing (TF)

Trade-Based Money Laundering (TBML)

Transaction Monitoring (TM)

Transaction Screening (TS)

Trust or Company Service Provider (TCSP)

U

Ultimate Beneficial Ownership (UBO)

United Nations Act (UNA)

United Nations Convention against Corruption (UNCAC)

United Nations Security Council (UNSC)

Unstructured Data