M&A Foundations · glossary
The body of law requiring financial businesses to identify their customers, monitor transactions and report suspicions, so that criminal money cannot flow through them. AML weaknesses are a classic diligence finding in fintech deals — in Project Sunrise they produced a specific indemnity. Chapter 12 · SPA definition
Explained in Chapter 12, Indemnities and the Tax Covenant, of M&A Foundations.
the matters described in section 5 of the inspection letter from the CBI to the Target dated 6 March 2026 (a copy of which is at Data Room document 7.4.1) relating to failures of the Target’s automated transaction monitoring between January and September 2024 and the resulting backlog of unreviewed alerts, including the remediation programme required by that letter;Read the definition in the document →
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Every chapter of M&A Foundations is free to read, including the full training share purchase agreement. It is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →