Common Abbreviations Related to Money Laundering
1988 UN Drug Convention |
1988 United Nations Convention against Illicit Traffic in Narcotic Drugs and Psychotropic Substances |
AML |
Anti-Money Laundering |
APG |
Asia/Pacific Group on Money Laundering |
ARS |
Alternative Remittance System |
BMPE |
Black Market Peso Exchange |
CBP |
Customs and Border Protection |
CDD |
Customer Due Diligence |
CFATF |
Caribbean Financial Action Task Force |
CFT |
Combating the Financing of Terrorism |
CTR |
Currency Transaction Report |
DEA |
Drug Enforcement Administration |
DHS |
Department of Homeland Security |
DHS/HSI |
Department of Homeland Security/Homeland Security Investigations |
DNFBP |
Designated Non-Financial Businesses and Professions |
DOJ |
Department of Justice |
DOS |
Department of State |
EAG |
Eurasian Group to Combat Money Laundering and Terrorist Financing |
EC |
European Commission |
ECOWAS |
Economic Community of West African States |
EO |
Executive Order |
ESAAMLG |
Eastern and Southern Africa Anti-Money Laundering Group |
EU |
European Union |
FATF |
Financial Action Task Force |
FBI |
Federal Bureau of Investigation |
FinCEN |
Department of the Treasury’s Financial Crimes Enforcement Network |
FIU |
Financial Intelligence Unit |
FTZ |
Free Trade Zone |
GABAC |
Action Group against Money Laundering in Central Africa |
GAFILAT |
Financial Action Task Force of Latin America |
GDP |
Gross Domestic Product |
GIABA |
Inter Governmental Action Group against Money Laundering |
IBC |
International Business Company |
ILEA |
International Law Enforcement Academy |
IMF |
International Monetary Fund |
INCSR |
International Narcotics Control Strategy Report |
INL |
Bureau of International Narcotics and Law Enforcement Affairs |
IRS |
Internal Revenue Service |
IRS-CI |
Internal Revenue Service, Criminal Investigations |
ISIL |
Islamic State of Iraq and the Levant |
KYC |
Know-Your-Customer |
MENAFATF |
Middle East and North Africa Financial Action Task Force |
MER |
Mutual Evaluation Report |
MLAT |
Mutual Legal Assistance Treaty |
MONEYVAL |
Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism |
MOU |
Memorandum of Understanding |
MSB |
Money Service Business |
MVTS |
Money or Value Transfer Service |
NGO |
Non-Governmental Organization |
NPO |
Non-Profit Organization |
OAS |
Organization of American States |
OAS/CICAD |
OAS Inter-American Drug Abuse Control Commission |
OECD |
Organization for Economic Cooperation and Development |
OFAC |
Office of Foreign Assets Control |
OPDAT |
Office of Overseas Prosecutorial Development, Assistance and Training |
OTA |
Office of Technical Assistance |
PEP |
Politically Exposed Person |
SAR |
Suspicious Activity Report |
STR |
Suspicious Transaction Report |
TBML |
Trade-Based Money Laundering |
TTU |
Trade Transparency Unit |
UNCAC |
United Nations Convention against Corruption |
UNGPML |
United Nations Global Programme against Money Laundering |
UNODC |
United Nations Office on Drugs and Crime |
UNSCR |
United Nations Security Council Resolution |
UNTOC |
United Nations Convention against Transnational Organized Crime |
USAID |
United States Agency for International Development |