Bribery and corruption refers to the practice of offering or accepting something of value, such as money or gifts, in exchange for influence or favors. Bribery and corruption can occur in any industry or sector, and can be committed by individuals, organizations, or even governments.

Terrorism financing refers to the practice of providing financial support or resources to individuals or groups engaged in terrorist activities. This support can come in many forms, including cash, goods, or services, and can be provided by individuals, organizations, or governments.

Anti-Money Laundering (AML) refers to a set of laws, regulations, and procedures designed to prevent criminals from disguising the proceeds of their illicit activities as legitimate income. Money laundering is a process that involves the conversion of "dirty" money, obtained through criminal activities such as drug trafficking, fraud, and corruption, into "clean" money that appears to have been obtained through legal means.

Compliance officers are responsible for ensuring that an organization adheres to relevant laws, regulations, and ethical standards. As such, compliance officers must possess strong ethical principles themselves to be effective in their roles. Ethics are a crucial requirement for compliance officers for several reasons.