Financial Crime World

Here is the article rewritten in Markdown format:

Key Definitions in Polish Financial Regulation

The following definitions provide insight into key concepts related to banking, finance, EU regulations, and more.

General Definitions (1-18)

These definitions cover general terms used in banking and finance.

Types of Accounts

  • Account: various types of accounts, including payment, bank, securities, and omnibus accounts.
  • Correspondent Relationships: relationships between banks or financial institutions that provide services to each other.

EU Regulations and Specific Terms (19-26)

These definitions relate to specific EU regulations and terms used in the context of banking and finance.

EU Regulations

  • Regulation 2015/847: a regulation on information accompanying transfers of funds.
  • Regulation 910/2014: a regulation on electronic identification and trust services.

Business and Transaction Definitions

  • Business Relationships: professional relationships between an obligated institution and its customers.
  • Transaction: any action that involves the transfer of ownership or possession of assets.
  • Occasional Transaction: a transaction not performed under business relationships.
  • Transfer of Funds: the transfer of funds as defined in Regulation 2015/847.

Trust and Insurance

  • Trust: a legal relationship where one party holds assets for another party’s benefit.
  • Insurance Agreement: an agreement related to insurance and reinsurance activity.

Specific Terms (27-28)

These definitions provide more specific meanings to certain terms used in the context of banking and finance.

Virtual Currencies and Assets

  • Virtual Currency: a digital image of value, excluding certain types of currencies and financial instruments.
  • Assets: property rights, movable or real estate, means of payment, financial instruments, securities, foreign currency values, and virtual currencies.

Transaction Suspension

  • Transaction Suspension: a temporary restriction on using and administering assets.

Note: These definitions are specific to the Polish financial regulation document provided and may not be applicable in other contexts.