The Card Verification Value (CVV) is a 3-digit security code that is printed on the back of credit cards in the signature panel. It is used to verify that the cardholder is in possession of the card and to help protect against fraud. How is CVV verified? The CVV is verified by matching it against … Read more
Money laundering is the process of concealing the origins of money or other assets so that they appear to have been derived from a legitimate source. The methods used to launder money can vary and can include things such as using a false invoice to make it appear as though the money came from a … Read more
A Suspicious Activity Report (SAR) is a report filed by a financial institution or other entity about suspicious activity that may be related to money laundering, terrorist financing, or other criminal activity. The purpose of a SAR is to alert law enforcement of possible criminal activity so that they can investigate and potentially prevent future … Read more
A clean desk policy is a set of procedures and guidelines designed to promote security and organization in the workplace. The policy typically requires employees to keep their desks clear of all personal belongings and work-related materials at the end of the day. This helps to prevent sensitive information from being left out in the … Read more
The Bank Secrecy Act (BSA) is a federal law that requires financial institutions to report certain financial transactions to the federal government. These transactions include cash deposits, withdrawals, transfers, and purchases of certain types of financial instruments. The purpose of the BSA is to help the government detect and prevent money laundering and other financial … Read more
The Real ID Act is a United States federal law that was passed in 2005. The law sets forth requirements for state driver’s licenses and identification cards in order to be accepted for certain federal purposes, such as boarding commercial aircraft and entering federal buildings. The law also prohibits federal agencies from accepting for these … Read more
A subpoena is a legal document that orders a person or organization to appear in court or to provide documents to the court. A subpoena may be issued by a prosecutor, a defense attorney, or a judge. What happens if someone doesn’t respond to a subpoena? If someone does not respond to a subpoena, they … Read more
