Alternative Remittance Systems and Terrorism Financing: Issues in Risk Mitigation

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Acronyms and Abbreviations AIAI

Al-Itihaad Al-Islamiya

AML

anti-money laundering

ARS

alternative remittance system

CDD

customer due diligence

CFT

combating the financing of terrorism

EU

European Union

FATF

Financial Action Task Force

FBI

Federal Bureau of Investigation

FI

financial institution

FIU

financial intelligence unit

FT

financing of terrorism

IVTS

informal value transfer system

KYC

know your customer

ML

money laundering

NGO

nongovernmental organization

OBL

Osama Bin Laden

OFAC

Office of Foreign Assets Control

SAR

suspicious activity report

US$

U.S. dollar

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