#QuickBiteCompliance Day 165
🔍 Ever Played Detective with a Piggy Bank? Let’s Talk “Look-Back Reviews”!
Imagine your piggy bank has a secret camera. If you rewind the footage, you could see exactly how many coins you saved last year… or if someone sneaky stole a few! That’s what a “Look-Back Review” does for banks. It’s like rewinding time to check a customer’s old transactions for anything fishy. 🕵️
Why does this matter? Bad guys love hiding in the past. Here’s how they play tricks:
1. The Slow Sneak: A “good” customer suddenly sends tiny payments to a risky country over months. Alone, each transaction looks harmless. But a Look-Back shows the whole pattern—like puzzle pieces forming a banned flag! 🚩
2. The Name Game: Criminals use fake names to send money to friends on sanctions lists. A Look-Back spots the old transactions after the bad name is discovered.
3. The “Oops, Forgot to Tell You”: Someone opens an account for “selling toys” but later sends millions to a war zone. A Look-Back connects the dots. 💸
How do we stop them?
– Tech to the Rescue! Tools like #InclusiveRegtech make reviews faster and fairer, so even small banks can fight crime.
– Teamwork Wins: Sharing smart, #OpenSourceAML solutions helps everyone spot sneaky tricks.
Look-Back Reviews are like time machines for safety—helping us protect piggy banks everywhere! 🚀
Learn more about financial crime terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
Let’s chat! Have you seen clever ways old data stops new crimes?👇
#InclusiveRegtech #OpenSourceAML #100HariNulis #FinancialSafety #StayCurious
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P.S. Want to see Look-Back in action? Tools like Mulai Console use smart tech to make reviews simpler and stronger. 💡
