Category: Terms
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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…
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Day 124: Forfeiture
#QuickBiteCompliance Day 124 🚨 What is Forfeiture? And How Do Bad Guys Use It for Financial Crime? 🚨 Hey LinkedIn fam! 👋 Let’s talk about something called forfeiture. Imagine you have a toy, but you broke the rules, so the teacher takes it away. That’s kind of like forfeiture—it’s when the government takes away someone’s…
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Day 123: Foreign Sanction Evaders
#QuickBiteCompliance Day 123 🚨 Beware of Foreign Sanctions Evaders (FSEs)! 🚫💸 Did you know that some bad guys try to sneak around rules meant to keep the world safe? These rule-breakers are called Foreign Sanctions Evaders (FSEs). They’re people or companies who try to dodge U.S. sanctions—like a kid trying to sneak candy after bedtime!…
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Day 122: First Line Of Defense
#QuickBiteCompliance Day 122 🚨 First Line of Defense: The Frontline Guardians Against Financial Crime 🚨 What is the First Line of Defense? Imagine you’re guarding a castle. The first line of defense is the team at the gate, checking everyone who wants to come in. In the financial world, this team includes employees who onboard…
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Day 121: FIU
#QuickBiteCompliance Day 121 🚨 Financial Intelligence Units (FIUs): The Superheroes Fighting Financial Crime 🚨 Hey LinkedIn community! 👋 Let’s talk about Financial Intelligence Units (FIUs)—the unsung heroes in the fight against financial crime. Think of them as detectives who collect and analyze clues about suspicious money activities. I’ll explain it in a way even a…
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Day 120: FSRB
#QuickBiteCompliance Day 120 Super Teams Fighting Dirty Money Around the World! Stopping criminals from hiding stolen money is a big job—too big for one group alone. That’s why we have Financial Action Task Force-Style Regional Bodies (FSRBs)! Think of FATF as the coach of a global team fighting financial crime. But every region has its…
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Day 119: GAFILAT
#QuickBiteCompliance Day 119 Stopping Dirty Money in Latin America: How GAFILAT Helps! Imagine a group of superheroes working together to stop bad guys from hiding their stolen money. In Latin America, that superhero team is called GAFILAT! GAFILAT is like a big watchdog that helps Latin American countries fight money laundering—when criminals try to hide…