Author: Tommy Hartono
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Day 100: European Union
#QuickBiteCompliance Day 100 🌍 The European Union: A Teamwork Story with a Twist 🌍 Imagine a big neighborhood where 27 countries decided to team up and work together. This group is called the European Union (EU). They share rules to make life easier—people, goods, services, and even money can move freely between them. It’s like…
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Day 99: Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG)
#QuickBiteCompliance Day 99 🌍 Fighting Bad Guys Who Steal Money and Support Terrorism! 🚫💸 Did you know there’s a superhero team called the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG)? 🦸♂️🦸♀️ It was created in Moscow back in 2004 to stop bad guys from using money for illegal things like funding…
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Day 98: Enhanced Due Diligence
#QuickBiteCompliance Day 98 🌟 Enhanced Due Diligence: Stopping Bad Guys in Their Tracks! 🌟 Imagine you’re the captain of a soccer team. You know most players on your team really well, but there’s a new player who seems a bit… mysterious. You’d want to know more about them, right? What’s their skill? What’s their strategy?…
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Day 97: End-User Certificate
#QuickBiteCompliance Day 97🌍 Why End-User Certificates Matter in Fighting Financial Crime 🚢 Imagine you let a friend borrow your favorite toy, and they promise to keep it. But then you find out they gave it to someone else! That’s kind of what happens when people misuse End-User Certificates (EUCs) in the real world. An EUC…
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Day 96: Embezzlement
#QuickBiteCompliance Day 96 💰 What is Embezzlement? How Some People Take What Doesn’t Belong to Them! Imagine you were in charge of your class’s candy jar, and your teacher trusted you to hand out candy fairly. But instead of sharing, you secretly took some for yourself and didn’t tell anyone. That’s called embezzlement, and it’s…
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Day 95: Embargoes
#QuickBiteCompliance Day 95 🌍 Let’s Talk About Embargoes: Why They Matter and How the Bad Guys Try to Break Them! Imagine your school banned trading candy with a certain group of students because they weren’t following the rules. That’s kind of like what a country does when it creates an embargo. An embargo is a…
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Day 94: Electronic Money
#QuickBiteCompliance Day 94 What Is E-Money, and How Can It Be Misused by Bad Guys? Imagine you have a magical card or phone that holds “invisible money.” This money isn’t like the cash in your piggy bank—it’s stored electronically, kind of like how your favorite games store coins or points. This is called Electronic Money…
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Day 93: Electronic Funds Transfer
#QuickBiteCompliance Day 93 💻💸 How Money Moves Electronically (And How Bad Guys Try to Sneak Through) 🚨 Imagine sending money from one piggy bank to another without using cash—just a computer! This is called Electronic Funds Transfer (EFT), and it’s how banks and businesses move money quickly and safely. 🏦✨ In the U.S., there are…
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Day 92: Egmont Group of Financial Intelligence Unit
#QuickBiteCompliance Day 92 🌍 How the Egmont Group Helps Stop the Bad Guys! 🚨 Imagine you have a superhero team that fights bad guys stealing money or using it to do dangerous things. This team exists in real life, and it’s called The Egmont Group! 🛡️💸 The Egmont Group is like a global club of…
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Day 91: Economic Sanctions
#QuickBiteCompliance Day 91 🌍 Economic Sanctions: Protecting the World from Bad Behavior Let’s talk about economic sanctions! Think of them as “time-outs” for countries, companies, or people who aren’t following the rules. Just like when someone misbehaves on the playground, economic sanctions are meant to stop bad actions and encourage better behavior. These “time-outs” could…