#QuickBiteCompliance Day 152
Sanctions, Secrets, and Loopholes: How Criminals Exploit the JCPOA
Imagine you’re playing a game where certain players aren’t allowed to trade cards. But one of them finds a clever way to still get the best cards—by using a friend to trade on their behalf.
That’s how criminals exploit the Joint Comprehensive Plan of Action (JCPOA) and similar sanctions agreements.
What is the JCPOA?
It’s a deal made in 2015 between Iran and six powerful countries to control Iran’s nuclear program. In exchange, some economic sanctions were lifted. But in 2018, the U.S. withdrew and reinstated sanctions, making it harder for Iran to do business with the world.
How Do Bad Actors Take Advantage?
🚨 Hidden Trade Networks – Companies secretly sell restricted goods to Iran by using middlemen in other countries.
🚨 Shell Companies – Fake companies are set up to move money and avoid direct links to Iran.
🚨 Banking Tricks – Transactions are disguised by routing money through multiple banks to hide its true destination.
Why This Matters
These tricks allow sanctioned countries to buy restricted technology, fund illicit activities, and weaken global security measures. If undetected, they put financial institutions at risk of heavy fines and reputational damage.
Stopping the Loopholes
Investigators use Inclusive Regtech and Open Source AML solutions—like those from Mulai Console—to track suspicious transactions and expose hidden networks.
The financial system thrives on trust. By staying vigilant and using smart technology, we can prevent criminals from bending the rules.
🔗 Learn more: https://www.acams.org/en/resources/aml-glossary-of-terms
#InclusiveRegtech #OpenSourceAML #100HariNulis #AML #FinancialCrime #Compliance
