#QuickBiteCompliance Day 175
💡 Sending Money Across the World? Let’s Talk Safety!
Imagine you could mail cash to a friend in another country instantly—no bank needed! That’s what Money Transfer Services do. They help millions send funds globally, like a magic money tunnel 🌍💸. But guess what? Criminals sneak into these tunnels to move dirty cash.
Here’s How They Play Dirty:
1️⃣ The Tiny Pieces Trick: Bad guys split stolen money into small amounts (like $300 each) and send them over and over. “See? It’s just pocket money!” 🕶️
2️⃣ Ghost Senders: They use fake IDs or stolen names to send cash through secret networks (think: invisible middlemen), making it vanish from police radars.
3️⃣ Dirty to Clean Car Wash: Drug dealers might use these services to send illegal cash abroad, then “withdraw” it as “clean” money through fake businesses.
But Here’s the Good News!
Tech superheroes like #InclusiveRegtech and #OpenSourceAML are fighting back! 🦸♀️ They scan millions of transfers to spot patterns—like too many tiny sends or fake names—and shut down the bad guys.
Stay Curious!
Learn terms like “value transfer” in the [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms). Knowledge = power!
#InclusiveRegtech #OpenSourceAML #100HariNulis
(P.S. Some platforms use these tools to turn money tunnels into fortresses!)
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Why Share This? 💡
Safe money transfers mean everyone—from small businesses to families—can thrive. Let’s protect the magic tunnels! ✨
