financial institutions

language: es

definitions

  1. Organizations such as banks, credit unions, investment firms, and insurance companies that provide financial services to individuals, businesses, and governments.
    es: entidades de servicios financieros
  2. Entities subject to strict regulatory oversight, particularly concerning anti-money laundering (AML), know-your-customer (KYC) protocols, and sanctions compliance to prevent illicit financial activities.
    es: entidades financieras reguladas

examples

  1. Commercial banks and credit unions are examples of financial institutions that handle everyday deposits and loans.

    Los bancos comerciales y las cooperativas de crédito son ejemplos de instituciones financieras que manejan depósitos y préstamos cotidianos.

  2. Under new regulations, all financial institutions must conduct thorough background checks on high-risk clients before processing international transfers.

    Según los nuevos reglamentos, todas las instituciones financieras deben realizar verificaciones exhaustivas del historial de clientes de alto riesgo antes de procesar transferencias internacionales.