Financial Services Solutions user guide

Last updated Apr 3, 2026

Glossary

Browse this list of common terms in Financial Crime Compliance (FCC).

Alert: a signal generated by a screening or monitoring system when potentially relevant activity, data, or behavior matches predefined criteria. An alert does not necessarily indicate suspicious activity; it indicates that the case should be reviewed further.
Adverse media: negative news or information related to individuals or entities that may indicate financial crime, reputational risk, or compliance concerns.
Disposition: the final decision or outcome assigned to an alert after review by an analyst or automated tool. Common dispositions include false positive, true positive, or escalated for further review.
Customer Due Diligence (CDD): the process of identifying and verifying a customer's identity, understanding the nature and purpose of the customer relationship, and assessing the customer's risk profile at onboarding and throughout the relationship.
Enhanced Due Diligence (EDD): additional investigation and verification performed for higher-risk customers, transactions, or relationships.
Level 1 (L1) Adjudication: the initial review of an alert to determine whether it can be resolved or should be escalated for additional review.
Politically Exposed Person (PEP): an individual who holds or has held a prominent public function and may present increased risk.
Sanctions screening: the process of checking customers or transactions against sanctions and watchlists.
Screening: the process of comparing customer, counterparty, or transaction data against watchlists or risk data sources, such as sanctions lists, PEP lists, or adverse media sources, to identify potential compliance risks.
Transaction monitoring: ongoing analysis of transactions to detect potentially suspicious behavior.

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