#QuickBiteCompliance Day 53
🌍 How Countries Work Together to Stop Bad Guys Using “Commission Rogatoire” 💌⚖️
Imagine you’re in a school play, and you need a prop from another classroom. You write a polite letter asking the teacher in that room to borrow it. In the world of stopping financial crime, countries do something similar when they need help gathering evidence from another country.
This is called a Commission Rogatoire (or Letters Rogatory). It’s like an official “please help me” letter between countries. But instead of borrowing props, it’s about finding proof to stop bad guys who are trying to hide their crimes.
How do the bad guys get caught?
Let’s say someone steals a lot of money in one country but hides it in a bank far away. They think, “No one will catch me because I’m hiding across the border!” Here’s where Commission Rogatoire helps:
1️⃣ The Request: Country A (where the crime happened) sends a letter to Country B (where the money is hidden) asking for help to find the bank account or other evidence.
2️⃣ The Search: Country B collects the proof—like bank records or witness statements—and shares it with Country A.
3️⃣ The Catch: With this evidence, the bad guys can be stopped, even if they’re hiding somewhere else!
Example of how bad guys use this:
💰 A fraudster scams people out of their savings in one country.
✈️ They transfer the money to a secret bank account in another country.
🔍 Without Commission Rogatoire, it would be very hard to find out where the money went.
Why it matters: Financial crime doesn’t stop at borders, but neither does justice. By working together, countries can make sure bad guys can’t just “run away” with stolen money.
💡 Fun fact: These letters are like superheroes that connect the dots and bring justice to everyone, no matter where they live!
#FinancialCrime #GlobalJustice #LettersRogatory #AML #StopMoneyLaundering #CrossBorderCrime #AntiFraud #ComplianceMatters #FightFinancialCrime #InclusiveRegtech #OpenSourceAML
Source: https://www.acams.org/en/resources/aml-glossary-of-terms
