Glossary

Name	Explanation
Adverse Media	Negative news or information about an individual or entity found in various media sources.
AML	Anti-Money Laundering. A set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.
AML Classification	The process of categorizing AML screening results, often involving manual review to determine if a potential match is a true positive or false positive.
AML Screening	The process of checking an individual or entity against various watchlists, sanctions lists, and PEP lists.
Audit	The process of reviewing and documenting actioned activities for compliance purposes.
Consent	Permission given by an individual for their information to be checked against various databases and external services.
Decision	A critical juncture in the workflow that determines the workflow's status—be it PASS, FAIL, or REVIEW, based on the specific actions taken during the workflow.
Entity	A single individual or organization within the FrankieOne platform that exists separately from other entities. Entities house information about the individual or organization, primarily any personally identifiable information (PII).
IDV	Identity Verification. A robust suite of solutions that streamline the customer onboarding process, ensure accurate identity verification, authenticate liveness, and perform facial matching.
Individual	A single person who can be verified within the FrankieOne platform. Individuals can have service profiles, workflows, and risk assessments related to them.
Issue	A problem encountered during the execution of a workflow that hinders its successful completion and necessitates manual intervention.
KYC	Know Your Customer. A process to verify the identity of clients to prevent fraud and comply with regulatory requirements.
Organization	A business or non-individual entity that can be verified within the FrankieOne platform.
PEP	Politically Exposed Person. An individual who has been entrusted with a prominent public function.
Process Result	A granular piece of information used to determine the outcome of an action or step performed during a workflow.
Risk	Granular risk metrics used to determine a customer's risk profile and identify potential money laundering activities. Entities are scored on these risk factors during workflow execution.
Sanctions	Economic or trade restrictions imposed on specific individuals, entities, or countries.
Service Profile	Provides a concise overview of an entity's progress within the context of a specific product or service. These profiles encompass various risk levels, workflows, and statuses.
Watchlist	A list of individuals or entities that are subject to closer scrutiny, often related to AML and sanctions compliance.
Workflow	An end-to-end process that involves a series of steps that, when triggered, will enrich or verify stored entity information. Workflows are customizable and can be built to satisfy the customer's compliance requirements.
Workflow Step	A specific action or check within a workflow, such as KYC verification, AML screening, or risk assessment.