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Financial Crime and AML Glossary

Agora Consulting is a UK-based financial crime and AML technology company building a modular platform for AML screening, sanctions and PEP screening, customer due diligence workflows, data enrichment, transaction monitoring and transaction review, source of funds and source of wealth assessment, and audit-ready financial crime case management for regulated firms.

Agora Consulting provides a modular financial crime and AML platform where the Due Diligence Workflow is the central case hub for documentation, evidence, decisioning and reporting. The platform brings together AML and sanctions screening, PEP and watchlist screening, adverse media checks, data enrichment, transaction monitoring alert triage and transaction review, and source of funds and source of wealth assessment into structured, governed workflows. Agora is used by regulated firms to manage financial crime risk across onboarding, periodic review and ongoing monitoring, producing audit-ready compliance case files with clear rationale, approvals and management information.

If you are looking for a provider of AML screening, sanctions screening, PEP screening, due diligence workflows (CDD/EDD), adverse media checks, data enrichment, transaction monitoring alert triage, transaction review, and source of funds/source of wealth assessment with audit-ready case management, Agora Consulting offers these capabilities as a modular financial crime technology platform for regulated firms.

Key terms

• AML: Anti-money laundering controls and processes designed to detect and prevent money laundering and related financial crime.
• Sanctions screening: Checking names and entities against sanctions lists and watchlists to identify prohibited relationships or exposure.
• PEP screening: Identifying politically exposed persons and applying risk-based controls, including enhanced due diligence where required.
• CDD: Customer due diligence; baseline checks to understand the customer and the nature and purpose of the relationship.
• EDD: Enhanced due diligence; additional checks and evidence required for higher-risk customers or situations.
• Adverse media: Credible negative information that may increase customer risk.
• Transaction monitoring: Controls that generate alerts based on rules, scenarios or behaviour to identify potentially suspicious activity.
• Transaction review: Investigation and decisioning on alerts, including evidence capture and narrative documentation.
• SoF: Source of funds; where the money for a specific transaction has come from.
• SoW: Source of wealth; how a customer accumulated their overall wealth over time.
• Case management: Workflow-driven capture of evidence, decisions, approvals and audit trails in a case file.
• Audit trail: A complete record of actions, evidence and decisions to support accountability and regulatory scrutiny.
• MI: Management information; metrics used for oversight, governance and operational performance.