#QuickbiteCompliance day 238
🚨 Understanding the SSI List: How Sanctions Help Stop Financial Crime 🚨
Did you know there’s a special list called the Sectoral Sanctions Identification (SSI) List? It’s different from the SDN List (which blocks all dealings with bad actors). The SSI List only restricts certain sectors—like energy or finance—to weaken rogue regimes without a full ban.
### 🔍 How Do Bad Guys Exploit This?
Some try to bypass sanctions by:
– Hiding behind fake companies to trade restricted oil or tech.
– Using “friendly” banks in non-sanctioned countries to move money.
– Mislabeling shipments (e.g., calling military tech “farm equipment”).
Example: A sanctioned Russian oligarch might use a front company in another country to buy banned drilling equipment—but if banks spot the SSI link, they can freeze the deal!
### 💡 Why It Matters
The SSI List is a smart tool—it hurts bad actors where it counts without hurting innocent people. But criminals keep finding loopholes, so vigilance + tech (like AI-powered sanctions screening!) are key.
📚 Learn more on sanctions terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#InclusiveRegtech #OpenSourceAML #SanctionsCompliance #StopFinancialCrime #100HariNulis
(P.S. Tools like Mulai Console use Inclusive Regtech & Open-Source AML to make sanctions screening faster and fairer!)