#QuickBiteCompliance Day 187
🚨 Keeping Good Deeds Safe: How Criminals Target Charities (and How to Stop Them) 🚨
Did you know that organizations like food banks, animal shelters, or schools (aka Non-Profit Organizations, or NPOs) sometimes get tricked by bad guys? 😱 These groups do amazing work, but criminals see them as a way to hide dirty money or fund harmful activities. Let’s break it down!
🌍 How It Happens:
Imagine a charity raising money to build a school in another country. A criminal might:
1️⃣ Fake a Crisis: Create a fake “disaster relief fund” to collect donations… and keep the cash for themselves.
2️⃣ Mix Good & Bad Money: Donate illegal funds (like drug money) to a real charity, then get “clean” money back as a receipt for taxes.
3️⃣ Fund Harm: Pretend to send aid to a village, but secretly use the money to buy weapons or support dangerous groups.
🛡️ How Do We Protect Good Causes?
Groups like the FATF (Financial Action Task Force) help countries create rules to stop this. For example:
– Track the Money: Make sure donations go where they’re supposed to (like tools that flag weird transactions).
– Verify Partners: Check if the charity is working with trustworthy people, not shady middlemen.
– Teach & Train: Help small nonprofits spot red flags (like sudden large donations from unknown sources).
💡 Tech to the Rescue!
Tools like #InclusiveRegtech (tech that’s affordable for all nonprofits) and #OpenSourceAML (free anti-crime software!) help even tiny organizations stay safe. For example, Mulai Console uses these features to make financial tracking simpler and more transparent.
🙌 Let’s Work Together!
Whether you donate, volunteer, or run a nonprofit, stay curious:
✅ Ask where your money goes.
✅ Report anything suspicious.
✅ Share tools that help small charities fight back.
🔗 Learn more terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrimeAwareness #ProtectOurCharities #InclusiveRegtech #OpenSourceAML #100HariNulis
Let’s make sure kindness can’t be hijacked! 💪
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P.S. Share your experiences to help others spot the tricks! 👇
