Resources · Glossary

Glossary

Plain-English definitions of the compliance and banking terms that keep showing up in your rejection emails.

Glossary
What is an EMI? Electronic Money Institutions explained.

EMIs are not banks. What that means for your deposits, your IBAN, your safeguarding, and why they still open when banks don't.

Glossary
The MATCH list explained: what it means and how to recover.

Mastercard's MATCH list ends acquiring relationships instantly and lasts five years. What triggers it, what removes you, and what to do while you're on it.

Glossary
What is a UBO? Ultimate beneficial ownership explained.

UBO thresholds, nominee traps, register filings by jurisdiction, and why banks and EMIs care about the passport of your ultimate beneficial owner.

Glossary
Understand the differences between a trust and a foundation for your assets.

Compare trust vs foundation structures, including their legal basis, governance, and asset protection. This guide explains their banking implications.

Glossary
What is a UAB in Lithuania and how does it function.

This page defines UAB, explains its legal structure, and outlines its role for international business operations in Lithuania.

Glossary
Understanding bank de-risking and its impact on your business.

Explore bank de-risking meaning and why financial institutions close accounts for entire sectors. Learn the regulatory and commercial drivers behind this trend.

Glossary
Understand FATF Grey List and Black List implications for your business banking.

The FATF Grey List and Black List affect international business banking. Discover why banks decline accounts for entities linked to these jurisdictions.

Glossary
Understand the difference between source of funds and source of wealth.

What is the difference between source of funds and source of wealth? This guide explains how banks assess both for international accounts.

Glossary
Understand the differences between SWIFT and SEPA payments.

Compare SWIFT and SEPA payment systems. Learn which one is suitable for your business's international transactions and why.

Glossary
What correspondent banking means for your international operations.

Understand correspondent banking and its vital role in facilitating international transactions. Learn why some banks offer it and others do not.

Glossary
What is Know Your Business, and why do banks require it.

Understand Know Your Business (KYB) checks. This page explains what KYB means for your international business banking applications.

Glossary
What banks require for nominee director appointments.

Understand which bank types and jurisdictions permit nominee directors. Learn common pitfalls that lead to account refusal or closure with specific institutions.