#QuickbiteCompliance day 237
🚀 Sectoral Sanctions: A Smarter Way to Stop Financial Crime?
Did you know there’s a type of financial restriction that doesn’t just block one person or one company—but an entire sector of a country’s economy? It’s called #SectoralSanctions, and it’s like putting a “Do Not Enter” sign on certain money moves with key industries (like energy, defense, or banking) in a targeted country.
### 🕵️♂️ How Do Bad Guys Get Around It?
Even with these rules, criminals find sneaky ways to cheat:
– Fake Companies – They set up “front” businesses outside the sanctioned country to secretly move money.
– Layered Transactions – Breaking big deals into small, “innocent” payments to avoid detection.
– Mislabeled Trade – Calling banned goods (like weapons tech) as “medical supplies” to slip past checks.
### 💡 Why Does This Matter?
Sectoral sanctions need smart tools to track tricky transactions. That’s where #InclusiveRegtech and #OpenSourceAML come in—helping banks and regulators spot hidden risks faster and fairer.
📖 Learn more about AML terms here: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrime #SanctionsCompliance #100HariNulis #AntiMoneyLaundering #RegTech
(P.S. Tools like Mulai Console use these approaches to make sanctions screening more transparent and effective!)
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🔍 Like this? Repost to spread awareness! ♻️