#Quickbitecompliance day 240
🚨 How “Selective Sanctions” Help Catch Bad Guys (And How They Try to Cheat!) 🚨
Did you know countries sometimes freeze only the money of bad guys—not whole countries? This is called #SelectiveSanctions or #TargetedSanctions. It’s like taking away a villain’s magic wand instead of destroying the whole kingdom!
But guess what? Bad guys are sneaky. Here’s how they cheat:
🔹 Fake Companies – They hide money under fake business names.
🔹 Shell Games – Moving cash through empty companies in different countries.
🔹 Friends & Family – Using relatives or allies to hold their banned assets.
The good news? #InclusiveRegtech and #OpenSourceAML (like Mulai Console!) help banks and governments track these tricks faster and fairer. 💡
Want to learn more? Check out this glossary: [ACAMS AML Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrime #SanctionsCompliance #AntiMoneyLaundering #100HariNulis #StopIllicitFinance
(P.S. – Inclusive tech means everyone fights financial crime better! 🚀)