Author: Tommy Hartono
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Day 16: Asset Protection
QuickBiteCompliance Day 16 Today, let’s us delve into the concept of Asset Protection – a vital process involving the reorganization of asset ownership to reduce vulnerability to claims. Tax planners also utilize this practice to shield assets from taxation in different jurisdictions. Stay informed with #InclusiveRegtech. Learn more about Asset Protection here: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 15: Asset Mingling
#QuickBiteCompliance Day 15 Have you ever wondered about Asset Mingling? This refers to the illegal practice of purchasing assets, like real estate properties, using a mix of legal and illegal funds to complicate tracing. Stay informed on crucial compliance terms. #InclusiveRegtech #AssetMingling Source: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 14: Asset Freezing
#QuickBiteCompliance Day 14 Today’s focus I will cover on Asset Freezing. Ever wondered what Asset Freezing entails? It refers to preventing a person targeted by sanctions from accessing their bank account or financial assets, known as blocking an asset. Stay informed and compliant! #InclusiveRegtech #AssetFreezingSource: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 13: Asset Forfeiture
#QuickBiteCompliance Day 13 Today’s topic I will be covering Asset Forfeiture. It plays a crucial role in defunding organized crime and preventing new crimes by allowing law enforcement agencies to seize assets from individuals accused of criminal activities. Civil asset forfeiture enables the confiscation of assets not directly linked to the crime committed. Learn more…
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Visit to Mastercard Office
Yesterday I visited Mastercard office in Singapore for a two-day workshop session as part of the Global Fintech Hackcelerator Co-organized by Monetary Authority of Singapore (MAS) and Elevandi. Grateful for the insightful sessions and the glimpse into the future enabled by their cutting-edge technology. Excited about the possibilities ahead! See you guys again at Singapore…
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Day 12: Asset Flight
#QuickBiteCompliance Day 12 Have you ever encountered what Asset Flight is? It’s the illegal practice of moving assets from one jurisdiction to another to dodge fines, confiscation, or penalties. Stay informed to combat financial crimes! 🛡️#InclusiveRegtech #AssetFlightSource: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 11: Asset Confiscation
#QuickBiteCompliance Day 11 What is Asset Confiscation? The practice of taking ownership of an individual or legal entity’s assets during or as the result of an investigation into a sanctions violation. #InclusiveRegtech #AssetConfiscationSource: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 10: Asset Blocking
#QuickBiteCompliance Day 10 Today I will focus to Asset Blocking! Ever wondered what Asset Blocking is all about? It refers to the practice of restricting an individual or legal entity’s access to assets during or after an investigation into a sanctions violation. This process is also known as freezing an asset. Stay informed about compliance…
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Day 9: Asset
#QuickBiteCompliance Day 9 Today’s focus is on the term “Asset.” Defined as anything owned by an individual or legal entity with monetary value, assets can be categorized into fixed assets like buildings and equipment for long-term use, and current assets such as raw materials, cash, and receivables. Stay informed with #InclusiveRegtech insights. Source: https://www.acams.org/en/resources/aml-glossary-of-terms #Asset…
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Day 8: Asia/Pacific Group on Money Laundering (APG)
#QuickBiteCompliance Day 8 Ever wondered about the Asia/Pacific Group on Money Laundering (APG)? It’s a Financial Action Task Force (FATF)-style regional body comprising jurisdictions in the Asia/Pacific Region. To learn more about APG and its role in combating money laundering, check out this insightful resource: [Link to resource] #InclusiveRegtech #AsiaPacificGrouponMoneyLaundering #APG