#QuickBiteCompliance Day 185
🚨 Meet the “Puppet Masters” of Financial Crime: Nominee Directors & Shareholders 🕵️♂️
Imagine a puppet show 🎭 where someone else pulls the strings, but you see only the puppet. That’s how nominee directors/shareholders work. They’re like “fake faces” hiding the real people behind a company. While nominee shareholders are fading, nominee directors are still everywhere—and criminals LOVE them.
Here’s how bad guys play the game:
1️⃣ Ghost Companies for Dirty Cash 💸
A drug cartel picks a nominee director (like a broke student paid $100) to “lead” a fake business. The company “sells” imaginary products, laundering millions through fake invoices. The real boss? Nowhere on paper.
2️⃣ Tax Evasion Hide & Seek 🕵️♀️
A corrupt politician uses a nominee shareholder to “own” a luxury villa. The nominee’s name is on the deed, but the politician lives there tax-free. When investigators come knocking? “Not my house!”
3️⃣ Bank Heists Without Masks 🏦
A fraudster hires a nominee director to open 10 bank accounts for a “toy company.” The accounts funnel stolen money globally. Banks see the nominee’s clean record—not the thief pulling the strings.
Why does this matter?
Nominees let criminals hide in plain sight 🌫️. They turn companies into secret tunnels for money laundering, corruption, and fraud. But with smarter tools, we can shine a light 🔍!
#InclusiveRegtech and #OpenSourceAML (like those in Mulai Console) are fighting back! Think of them as superhero tech 🦸♂️—making compliance cheaper, faster, and fairer for everyone. Open-source tools let banks share crime-fighting tricks, while inclusive tech ensures even small businesses can stay safe.
Let’s cut the puppet strings 🪀. Share this to spread the word—and tag someone who fights financial crime!
📚 Learn more: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrime #TransparencyMatters #100HariNulis
(P.S. Nominees aren’t always bad—but when they’re used to cheat, we all lose. Time to innovate! 💡)
