#QuickBiteCompliance Day 177
🔍 Catching Sneaky Money Moves: How Banks Play Detective! 🕵️♂️💸
Imagine your piggy bank could tell when someone’s stealing cookies. That’s kinda what “monitoring” does for banks! Banks use smart tools to watch how people move money—like a detective spotting sneaky behavior. If your account suddenly goes from buying candy 🍭 to moving stacks of cash 💰, alarms go off!
Here’s how bad guys try to trick the system:
1️⃣ The “Slice & Hide” Trick: Criminals split stolen money into tiny amounts (like $999 over and over) to avoid triggering alerts. It’s like hiding candy in 100 pockets instead of one big bag!
2️⃣ Fake Friends: They create fake accounts pretending to be “regular customers” (like a fake pet store 🐾) to wash dirty money through fake sales.
3️⃣ Midnight Shopping Spree: A customer who usually spends $50/week suddenly buys $50,000 in gift cards at 2 AM? 🕒 Banks flag this as “Why?!”
The good news? Tech like #InclusiveRegtech (tools that help every business fight crime) and #OpenSourceAML (free, shared detective tools) are making it easier to spot these tricks. Think of it like a neighborhood watch—but for money!
Want to learn spy-level terms? Check out this [AML Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms) to decode words like “structuring” or “shell companies”!
💬 Your turn! How can we make money safety as simple as spotting a cookie thief?
#InclusiveRegtech #OpenSourceAML #100HariNulis #MoneyDetectives #StopFinancialCrime
(P.S. Share this to help others outsmart money villains! 🦸♀️)
