Author: Tommy Hartono
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Day 80: Delivery Channel
#QuickBiteCompliance Day 80 How Bad Guys Use Sneaky Delivery Channels for Financial Crime Did you know that the way companies deliver their products and services—like through apps, brokers, or online banking—can make it easier for bad guys to do financial crimes? These methods, called delivery channels, can either protect us or create risks if they’re…
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Day 79: Delisting
#QuickBiteCompliance Day 79 Understanding “Delisting” and How Bad Guys Might Take Advantage Let’s talk about something called “Delisting.” Imagine you’re playing a game, and someone gets put on the “Time-Out” list for breaking the rules. They can’t play until they’ve shown they’re following the rules again. In the world of finance, a similar thing happens…
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Day 78: Decision Tree
#QuickBiteCompliance Day 78 🚨 How to Spot the Bad Guys: A Simple Guide to Financial Crime Detection 💡 Imagine you’re a superhero trying to stop the bad guys from stealing money. You need a special tool to figure out who’s innocent and who might be up to no good. That’s where the Decision Tree and…
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Day 77: Debit Card
#QuickBiteCompliance Day 77 💳 Understanding Debit Cards and How Bad Guys Might Misuse Them 💡 Let’s talk about debit cards! They’re like magical keys to your money, letting you buy snacks, toys, or even video games—either in a store or online. Debit cards take money straight from your bank account when you spend. You can…
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Day 76: Dealing in Funds
#QuickBiteCompliance Day 76 🚨 Stop Bad Guys from Using Frozen Funds! 🚨 Imagine you have a jar of cookies that you’re not allowed to touch. Why? Because those cookies belong to someone who broke the rules. You can’t eat them, move them, or even give them to someone else. If you do, you’re breaking the…
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Day 75: Database, Third Party
#QuickBiteCompliance Day 75 How Third-Party Databases Help Fight Financial Crime—and How Bad Guys Try to Beat Them Imagine you’re playing a detective game. You need to find clues about people or companies to see if they are honest or sneaky. Third-party databases are like big libraries full of clues! They include information from places like:…
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Day 74: Customer Relationship
#QuickBiteCompliance Day 74 💡 The Key to Stopping Bad Guys: Building Strong Customer Relationships Let’s talk about why knowing your customers is so important. Imagine if someone tries to hide who they really are to sneak past the rules—sounds like a sneaky villain in a movie, right? But this happens in real life, especially in…
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Day 73: Customer Due Diligence
#QuickBiteCompliance Day 73 Getting to Know Your Customer: Why It’s Important to Stay Safe! Imagine you’re throwing a party. You want to make sure everyone coming in is your friend, so you check their names at the door. This helps you avoid letting in strangers who might cause trouble. In the world of money, we…
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Day 72: Custody
#QuickBiteCompliance Day 72 Protecting What’s Yours: The Importance of Safeguarding Assets Imagine you have a piggy bank where you keep all your savings. You trust a grown-up to keep it safe for you. Now, what if that grown-up didn’t just protect your piggy bank but secretly took your money or let someone else sneak into…
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Day 71: Custodian
#QuickBiteCompliance Day 71 🔍 What is a Custodian, and Why Should We Care? 🤔 Imagine you have a super special treasure box filled with your favorite toys or coins. You trust someone—a grown-up or a friend—to keep it safe for you, so no one steals it or loses it. That trusted person is like a…