| Adverse Media | Negative news or information about an individual or entity found in reputable media sources. |
| AML | Anti-Money Laundering. Laws and procedures designed to combat the generation of income through illegal actions. |
| AML Classification | The process of categorizing AML screening results, often involving manual review to determine if a potential match is a true positive or false positive. |
| AML Screening | The process of checking an individual or entity against global watchlists, sanctions lists, and PEP lists. |
| Audit | A record of actions performed within the platform, used for tracking and compliance purposes. |
| Consent | Permission given by an individual for their information to be checked against various databases and external services. |
| Decision | A critical juncture in the workflow that determines the workflow’s status—be it PASS, FAIL, or REVIEW, based on the specific actions taken during the workflow. |
| Entity | A single individual or organization within the FrankieOne platform that exists separately from other entities. Entities house information about the individual or organization, primarily any personally identifiable information (PII). |
| IDV | Identity Verification. The process of verifying an identity, often involving document scans, liveness checks, and facial comparison. |
| Individual | A single person who can be verified within the FrankieOne platform. Individuals can have service profiles, workflows, and risk assessments related to them. |
| Issue | A problem encountered during the execution of a workflow that hinders its successful completion and necessitates manual intervention. |
| KYC | Know Your Customer. The mandatory process of identifying and verifying the identity of clients to prevent fraud and financial crime. |
| Organization | A business or non-individual entity that can be verified within the FrankieOne platform. |
| PEP | Politically Exposed Person. An individual with a prominent public function, who may present a higher risk for potential bribery or corruption. |
| Process Result | A granular piece of information used to determine the outcome of an action or step performed during a workflow. |
| Risk | Granular risk metrics used to determine a customer’s risk profile and identify potential money laundering activities. Entities are scored on these risk factors during workflow execution. |
| Sanctions | Economic or trade restrictions imposed on specific individuals, entities, or countries by governments or international bodies. |
| Service Profile | Provides a concise overview of an entity’s progress within the context of a specific product or service. These profiles encompass various risk levels, workflows, and statuses. |
| Watchlist | A list of individuals or entities subject to scrutiny under AML and sanctions regulations. |
| Workflow | An end-to-end process that involves a series of steps that, when triggered, will enrich or verify stored entity information. Workflows are customizable and can be built to satisfy compliance requirements. |
| Workflow Step | A specific action or check within a workflow, such as KYC verification, AML screening, or risk assessment. |
