Glossary
Plain-language terms banks, EMIs and PSPs use in review. Read them before your next serious provider conversation; The Founder Advisory Seat is where M.M. Thakur works through the actual file with you.
- AML/KYC→
- AUSTRAC→
- BaaS→
- CHAPS, FPS, and BACS→
- Correspondent Banking→
- DDQ→
- De-risking / De-banking→
- EMI→
- Enhanced Due Diligence (EDD)→
- FBO Account→
- FCA→
- FinCEN→
- FINTRAC→
- Flow of Funds→
- KYB→
- MAS→
- MLRO→
- MSB→
- Nostro / Vostro Accounts→
- PEP→
- RFI→
- Safeguarding Account→
- Safeguarding vs Operating Account→
- Sanctions Screening→
- SEPA→
- Source of Funds / Source of Wealth→
- Tier 1 Bank / Institution→
- Transaction Monitoring→
- UBO→
- VARA→
- VASP→
When the next conversation with a bank, EMI, PSP or FX provider matters, the work is the Founder Advisory Seat — M.M. Thakur beside you on flow of funds, account-route readiness, DDQ and RFI answers, closures and live calls. Bank account first. Rails second. FX third. Compliance throughout.
Book the Founder Session