Day 165: Look Back Review

#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 

— 
P.S. Want to see Look-Back in action? Tools like Mulai Console use smart tech to make reviews simpler and stronger. 💡