Author: Tommy Hartono
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Day 7: Arrest Warrant
#QuickBiteCompliance Day 7 What an Arrest Warrant entails? It’s a court order directing law enforcement to seize and detain a specific person, compelling them to respond to a complaint or appear in court. Stay informed! #InclusiveRegtech #ArrestWarrant Source: https://www.acams.org/en/resources/aml-glossary-of-terms#a-9799feca
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Day 6: Anti Money Laundering Program
#QuickBiteCompliance Day 6 Have you ever thought what an Anti-Money Laundering Program entails? It’s a crucial system designed to aid institutions in combating money laundering and terrorist financing. Across various jurisdictions, financial institutions, such as banks and securities dealers, are mandated by government regulations to establish these programs. Key components of an effective anti-money laundering…
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Day 5: Anti Money Laundering International Database
#QuickBiteCompliance Day 5 Do you know what Anti-Money Laundering International Database (AMLID) is all about? AMLID serves as a comprehensive resource, offering analyses of anti-money laundering laws and regulations, detailing both domestic laws and international cooperation measures. This secure, multilingual database provides crucial information on national contacts and authorities, making it an indispensable reference tool…
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Day 4: Alternative Remittance System
#QuickBiteCompliance Day 4 Have you ever wondered about the Alternative Remittance System (ARS)? Also known as Underground Banking or Informal Value Transfer Systems (IVTS), it is commonly linked to ethnic groups from the Middle East, Africa, or Asia. ARS facilitates value transfers between countries outside the formal banking system, where transactions occur through coded information…
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Day 3: Alert
#QuickBiteCompliance Day 3 Today we delve into understanding the concept of an Alert in compliance. An Alert is essentially a review triggered by red flags that demand analyst attention. In the realm of know-your-customer procedures, alerts pinpoint potential discrepancies flagged either manually or through automated systems, based on predefined red flags and typologies. In the…
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Day 2: Affidavit
#QuickBiteCompliance Day 2 Today’s topic: Affidavit An affidavit is a written statement provided under oath before a court officer, notary public, or other authorized individual. It serves as the factual foundation for applications like search, arrest, or seizure warrants. Stay informed! #InclusiveRegTech #affidavitSource: https://www.acams.org/en/resources/aml-glossary-of-terms
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Day 1: AML
#QuickBiteCompliance Day 1 Today, let’s dive into the world of AML (Anti-Money Laundering). So what is AML? AML controls play a crucial role in preventing financial criminals from disguising illicit funds as legitimate ones. It is essential for financial institutions and regulated entities to have a strong program in place to detect, prevent, and report…
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Meeting with Pak Soleh IFINITY
Today is a great day to discuss prospects of partnership for Indonesia market with Pak Soleh from IFINITY. This is the first step towards combating financial crime in Indonesia. #QuickBiteCompliance
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Visit to OY! Indonesia
This morning’s meeting with OY! Indonesia was incredibly insightful. We discussed various aspects of the OY! Products and Solutions, paving the way for exciting collaborations in the near future. #QuickBiteCompliance
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Visit to FEKDI – Festival Ekonomi Keuangan Digital Indonesia
I had a visit to the event at Jakarta Convention Center with Eudith and Matthew. Check out the photos below.