Tommy Hartono 吕恩豪

Category: Terms

  • Day 21: Autonomous Sanctions

    Day 21: Autonomous Sanctions

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    Tommy Hartono
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    #QuickBiteCompliance Day 21 The significance of Autonomous Sanctions lies in a single entity, be it a government or a group of governments like the EU, taking action to establish and uphold a sanctions framework. These measures, known as Unilateral Sanctions, play a crucial role in regulating and overseeing sanctions. Delve deeper into this concept to…

  • Day 20: Automated Teller Machine (ATM)

    Day 20: Automated Teller Machine (ATM)

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    Tommy Hartono
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    #QuickBiteCompliance Day 20 What is the topic of the day? . . Today’s topic: Automated Teller Machine (ATM) 🏧 An ATM is an electronic banking outlet enabling customers to conduct basic transactions independently. These machines dispense cash, process check and cash deposits, facilitate transfers, and offer balance inquiries. Stay informed with #InclusiveRegtech #AutomatedTellerMachine #ATMLearn more…

  • Day 19: Automated Screening Tools (AST)

    Day 19: Automated Screening Tools (AST)

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    #QuickBiteCompliance Day 19 Today, let’s we delve into the world of Automated Screening Tools (ASTs)! These software systems are essential for large financial institutions, streamlining the screening process by automating tasks that were previously done manually. ASTs primarily focus on screening against sanctions lists, generating hits that are consolidated into alerts based on customer records.…

  • Day 18: Automated Clearing House (ACH)

    Day 18: Automated Clearing House (ACH)

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    #QuickBiteCompliance Day 18 Today, we are going to delve into Automated Clearing House (ACH). It’s an electronic banking network that handles high volumes of credit and debit transactions in batches. ACH credit transfers cover various payments like direct deposit payrolls, contractor, and vendor payments. On the other hand, ACH debit transfers involve consumer payments such…

  • Day 17: Asset Protection Trusts

    Day 17: Asset Protection Trusts

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    #QuickBiteCompliance Day 17 Let’s dive deeper into Asset Protection Trusts (APTs), a unique form of irrevocable trust designed to safeguard wealth from creditors. These trusts involve transferring asset ownership to a trustee, typically established offshore to shield assets while remaining tax neutral. APTs focus on asset protection and prioritize providing for beneficiaries, enabling foreign trustees…

  • Day 16: Asset Protection

    Day 16: Asset Protection

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    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

  • Day 15: Asset Mingling

    Day 15: Asset Mingling

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    Tommy Hartono
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    #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

  • Day 14: Asset Freezing

    Day 14: Asset Freezing

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    Tommy Hartono
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    #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

  • Day 13: Asset Forfeiture

    Day 13: Asset Forfeiture

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    #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…

  • Day 12: Asset Flight

    Day 12: Asset Flight

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    Tommy Hartono
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    #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