#QuickBiteCompliance Day 123
🚨 Beware of Foreign Sanctions Evaders (FSEs)! 🚫💸
Did you know that some bad guys try to sneak around rules meant to keep the world safe? These rule-breakers are called Foreign Sanctions Evaders (FSEs). They’re people or companies who try to dodge U.S. sanctions—like a kid trying to sneak candy after bedtime! 🍬😬
Here’s how they cause trouble:
1️⃣ Hiding Behind Fake Names: FSEs might use fake companies or pretend to be someone else to move money illegally.
2️⃣ Tricking Banks: They might lie to banks about where money is going, making it look like it’s for something legal when it’s not.
3️⃣ Using Middlemen: Sometimes, they ask others to help them move money, like a friend passing a note in class without the teacher noticing.
For example, imagine a bad guy selling weapons to a country that’s not allowed to buy them. They might use a fake business to hide the sale and trick a bank into processing the payment. Sneaky, right?
The U.S. government keeps a list of these FSEs to stop them. If you’re a U.S. person or business, you’re not allowed to deal with them—no ifs, ands, or buts! 🛑
At Mulai, we believe in using smart tools like #InclusiveRegtech and #OpenSourceAML to catch these bad guys and keep the financial world safe. Together, we can stop financial crime and make the world a better place! 🌍✨
Learn more about terms like FSEs and how to fight financial crime here: https://www.acams.org/en/resources/aml-glossary-of-terms
Let’s work together to stay one step ahead of the bad guys! 💪🔍
#ForeignSanctionsEvaders #FinancialCrime #AML #SanctionsCompliance #InclusiveRegtech #OpenSourceAML #100HariNulis #MulaiConsole #StopFinancialCrime
