#QuickbiteCompliance day 243
🚨 Breaking Down “Sham Divestment”: The Invisible Trick Hiding Dirty Money 🕵️♂️
Imagine a game of hide-and-seek where the hider pretends to leave but stays in control. That’s Sham Divestment—a sneaky move used by sanctions targets (like corrupt leaders or criminals) to “sell” assets to friends, family, or allies. On paper, the assets look clean. In reality? The original owner still pulls the strings.
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### 🔍 How Bad Guys Do It
1️⃣ The “Family Front”:
– A sanctioned politician “sells” his luxury yacht to his sister for $1. Banks see her name, not his. But he still parties on it every weekend 🛥️🍾. Result: Sanctions evaded.
(Example: Like shadow fleets moving oil for sanctioned regimes )
2️⃣ The “Business Buddy Swap”:
– A drug cartel leader “transfers” his company to his deputy. The deputy now signs contracts, but the boss runs operations from the shadows 💼🌑. Result: Dirty money fuels “legal” businesses.
3️⃣ The “Shell Shuffle”:
– An oligarch under sanctions “sells” his mansion to a shell company owned by his golf partner. The deed changes, but he still lives there 🏌️♂️🏰. Result: Assets stay hidden.
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### ⚡ Why It Matters
Sham divestments weaken sanctions, fund crime, and hurt ordinary people. A single hidden asset can finance terrorism, trafficking, or even war .
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### 🛡️ Fighting Back: Tech to the Rescue!
New tools are making these tricks harder:
– AI Network Maps: Spot hidden ties (e.g., linking a “new” owner to the sanctions target via social media or old emails) .
– Open-Source Intelligence (OSINT): Scan public records, news, and forums to find “straw man” buyers .
– Dynamic Workflows: Automatically flag deals where prices don’t match (e.g., a $1 billion factory “sold” for $100) .
Tools like #InclusiveRegtech and #OpenSourceAML (e.g., Mulai’s 3D Intelligence dashboards) put these powers in the hands of small banks, fintechs, and activists—not just Wall Street .
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### 💡 Your Power Move
✅ Demand Transparency: Ask: “Who REALLY benefits?”
✅ Support Public Registries: Push for laws revealing true asset owners.
✅ Use Tech Wisely: Back tools that unmask hidden control—like AI that tracks “sold” assets still used by original owners.
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Sources:
[ACAMS Glossary: Sham Divestment](https://www.acams.org/en/resources/aml-glossary-of-terms)
[Mulai Console: Open-Source AML for All](https://mulai.com/)
#ShamDivestmentExposed #FinancialCrime #SanctionsEvasion #TransparencyMatters #InclusiveRegtech #OpenSourceAML #100HariNulis #AntiMoneyLaundering #FintechForGood
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