Author: Tommy Hartono
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Day 55: Comprehensive Sanctions
#QuickBiteCompliance Day 55 What Are Comprehensive Sanctions? Let’s Break It Down! Imagine if your school said, “No one can trade snacks with a certain group of kids because they keep breaking the rules.” That’s a bit like comprehensive sanctions in the real world! These sanctions mean that one country says, “We won’t trade, send money,…
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Day 54: Compliance
#QuickBiteCompliance Day 54 Understanding Compliance: Protecting Our World from Bad Guys Think of compliance as the “rules of the game.” Imagine you’re playing soccer. Everyone agrees to follow the rules, like no hands except for the goalie. If someone cheats, the game isn’t fair anymore. Compliance works the same way in the world of money…
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Day 53: Commission Rogatoire
#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…
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Day 52: Collection Accounts
#QuickBiteCompliance Day 52 🌍 How Some Bad Guys Hide Money Using “Collection Accounts” 💰 Have you ever saved your allowance in a piggy bank and then given it to someone to send to a family member far away? That sounds simple and innocent, right? But sometimes, bad guys use something similar called “collection accounts” to…
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Day 51: CICAD
#QuickBiteCompliance Day 51 How CICAD Helps Stop the Bad Guys Imagine you and your friends create rules for your soccer game to keep it fair. Now imagine countries coming together to make rules to stop bad guys—this is kind of what CICAD does! CICAD stands for the Inter-American Drug Abuse Control Commission. It’s like a…
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Day 50: Cashier Check
#QuickBiteCompliance Day 50 What’s a Cashier’s Check, and How Do Bad Guys Misuse It? Imagine you want to pay someone without using cash. A cashier’s check is like a super-safe IOU from the bank. You give the bank money, and they write a check from their account instead of yours. It’s trusted because it’s backed…
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Day 49: Cash Deposit
#QuickBiteCompliance Day 49 What Are Cash Deposits, and How Do Bad Guys Use Them? Let’s say you find a $5 bill and decide to put it into your piggy bank. That’s like making a cash deposit—you’re putting money somewhere safe. For adults, cash deposits happen at banks. They bring their money, deposit it into their…
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Day 48: Cash Collateralized Loans
#QuickBiteCompliance Day 48 What Are Cash Collateralized Loans? And Why Should We Care? Imagine you lend your friend $10, but they promise to pay you back by giving you their piggy bank as collateral. If they don’t repay you, you get to keep the piggy bank. That’s how cash collateralized loans work—except in the grown-up…
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Day 47: Cash-intensive Business
#QuickBiteCompliance Day 47 💡 Cash-Intensive Businesses: How Some Bad Guys Use Them to Hide Dirty Money 💡 Did you know that some businesses, like pizza places, car washes, or taxis, deal mostly in cash? These are called cash-intensive businesses because customers often pay with paper money instead of cards. While many of these businesses are…
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Day 46: Casa de Cambio
#QuickBiteCompliance Day 46 💡 What is a Casa de Cambio, and Why Do Bad Guys Love It? 💡 Have you ever heard of a “Casa de Cambio”? It’s a fancy name for a currency exchange shop, where people can trade one kind of money for another. These places are helpful when you’re traveling to another…