#QuickBiteCompliance Day 100
🌍 The European Union: A Teamwork Story with a Twist 🌍
Imagine a big neighborhood where 27 countries decided to team up and work together. This group is called the European Union (EU). They share rules to make life easier—people, goods, services, and even money can move freely between them. It’s like opening all the doors in the neighborhood and saying, “Come in!”
But here’s the twist: some bad guys try to sneak through those open doors to do financial crime. For example:
Moving Dirty Money: A criminal in one country might send stolen money to another EU country where the rules are less strict.
Fake Businesses: They might set up fake companies in multiple countries to confuse investigators.
Hiding Assets: They use the EU’s open system to buy properties or luxury goods in different places, making it harder to trace their money.
💪 But don’t worry! The EU has strong rules and smart teams watching for these tricks. By working together, EU countries fight financial crime and protect everyone from bad actors.
Let’s support the fight for a safer and fairer financial world!
#EuropeanUnion #FinancialCrime #AML #Transparency #TeamworkForGood #StopMoneyLaundering #SaferWorld #InclusiveRegtech #OpenSourceAML
Source: https://www.acams.org/en/resources/aml-glossary-of-terms
