Despite existing stereotypes, enhanced due diligence (EDD) is not limited to the banking and financial sectors. It is increasingly being...

Safe and reliable financial transactions are vital for both buyers and sellers. That’s why escrow accounts are valuable for modern...

Web3 is already here and changing our world every day! Information about cryptocurrencies, investment opportunities, and exchanges is...

Corporate Governance Explained Corporate governance definition and meaning in business The phrase "corporate governance" sometimes...

Correspondent banks are banks that help other banks send and receive money in different countries. They act as a middle bank for...

Proof of Funds Explained POF meaning and definition POF has a simple meaning: it is an official confirmation from a bank or other...

What are the Memorandum of Association and Articles of Association, and how do they differ? These two documents constitute the company's...

What Are Cross-Border Mergers and Acquisitions? Definition and core concepts Cross-border mergers (M&As), in the general sense, are...

Understanding Six Sigma Definition and core principles We would like to introduce you to Lean and Six Sigma. First we will start with the...

Modern business creates a lot of interactions and contacts and inevitably has to deal with the authorities. Many jurisdictions, including...

Know Your Customer is how banks and companies check who you are. They ask for ID, like a passport or driver’s license, and proof of where...

Insolvency represents a financial state that develops when individuals or companies fail to pay their outstanding debts. The economic...

Understanding KPIs and OKRs In modern business, a key question is how to measure a company's real progress and determine its success....

What does CFC mean? The term “Controlled Foreign Corporation (CFC)” literally means “controlled foreign corporation.” This means that the...

We live in a very fast-changing world, and changes can be both good and bad. It is logical that business should be protected from...

Understanding Software Copyright In the context of rapid technological development, a huge number of software programs are created every...

So as to draw or maintain the attention of investors, a firm is required to understand its economic success. ROI (Return on Investment)...

What is a conflict of interest? Simply put, what is a conflict of interest definition — it is a situation where an employee's interests...

UBO Meaning and Definition What does UBO stand for? UBO (ultimate beneficial owner) refers to the ultimate beneficial owner, who actually...

A SWIFT/BIC code is a short code that shows which bank and branch handle international payments. BIC means Business Identifier Code. An...