Author: Tommy Hartono
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Day 134: Grey List
#QuickBiteCompliance Day 134 Greylisted! Why Some Countries Are on the Watchlist for Financial Crime Imagine you’re playing a game, and some players have been caught bending the rules—not bad enough to be kicked out, but enough to be watched closely. In the financial world, that’s what happens when a country gets greylisted. It means the…
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Day 133: Grantors
#QuickBiteCompliance Day 133 Who Controls the Money? Understanding Grantors and Financial Crime Imagine you have a piggy bank, but instead of keeping it yourself, you give it to a friend to hold onto. You tell them how to use the money, but technically, they now control it. In the financial world, the person who gives…
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Day 132: Governance
#QuickBiteCompliance Day 132 Who’s Really in Charge? The Power of Governance in Stopping Financial Crime Imagine a school where the principal and teachers don’t talk to each other. There are no rules, no one checking homework, and students can do whatever they want. Sounds chaotic, right? That’s what happens in companies with weak governance—a system…
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Day 131: Globalization
#QuickBiteCompliance Day 131 Globalization: How Criminals Use It to Stay One Step Ahead Imagine a big river with many branches. If one path gets blocked, the water finds another way to flow. That’s how criminals use globalization to move dirty money. Globalization connects the world—businesses trade across borders, people invest internationally, and goods travel freely.…
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Day 130: Gatekeeper
#QuickBiteCompliance Day 130 Gatekeepers: When the Wrong Hands Hold the Keys Imagine a giant vault filled with money. Normally, you’d need a key to get in. But what if someone with a key—like a lawyer, accountant, or financial advisor—helped the bad guys sneak money in and out? That’s exactly how criminals use gatekeepers to launder…
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Day 129: GAFISUD
#QuickBiteCompliance Day 129 How Criminals Exploit Weaknesses in Latin American Financial Systems—And How We Fight Back Imagine a giant spiderweb across South America, with money moving from one country to another. This web is supposed to catch criminals laundering dirty money. But what if some parts of the web have holes? That’s where bad guys…
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Day 128: Fuzzy Logic
#QuickBiteCompliance Day 128 Fuzzy Logic: Catching Criminals Who Try to Trick the System Imagine you’re looking for your friend “John Smith” online, but you accidentally type Jon Smit. Even though it’s misspelled, the search still finds him. That’s because of fuzzy logic—a smart way to recognize things that almost match but aren’t exact. In financial…
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Day 127: Front Company
#QuickBiteCompliance Day 127 The Truth About Front Companies: When a Business Is Just a Disguise Imagine a magic trick where a magician makes something disappear—except, instead of a rabbit, it’s dirty money! That’s exactly what criminals do with front companies—businesses that look real but are actually just disguises for illegal money movements. A front company…
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Day 126: Freeze
#QuickBiteCompliance Day 126 The Power of “Freeze” in the Fight Against Financial Crime Imagine you’re playing a game of tag, and right before someone escapes, you yell, “Freeze!” They must stop in their tracks. In the world of financial crime, authorities use the same idea to stop bad guys from moving stolen money or funding…
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Day 125: Free Trade Zone
#QuickBiteCompliance Day 125 The Hidden Risks of Free Trade Zones (FTZs) in Financial Crime Imagine a place where businesses can trade freely, without the usual rules of the country they are in. Sounds great, right? These areas, called Free Trade Zones (FTZs), are designed to encourage trade and investment. But here’s the problem—some bad actors…