#QuickBiteCompliance Day 197
🔍 The “Invisible Sender” Problem: How Criminals Exploit Originators
Imagine you send a birthday gift to a friend, but the box has no return address. The Originator is like that return address—it’s who sent the money. Banks need this info to track where cash comes from. But guess what? Bad guys love to play “hide the sender”!
Here’s how they cheat:
Example 1: The Fake Name Game
A criminal sends stolen money using a fake originator name, like “Super Clean Toys Inc.” 🧸 Banks see the transfer but don’t know it’s really from “Dirty Cash LLC.” By the time they figure it out, the money’s gone!
Example 2: The Money Laundering Relay
Criminals use multiple originators to hide their trail.
– Step 1: “Bob’s Pizza” sends $10k to “Lisa’s Flowers.”
– Step 2: “Lisa’s Flowers” sends it to “Carl’s Cars.”
Each step looks legit, but the real originator (a drug cartel) is buried under layers of fake senders. 🕶️
Example 3: The “Ghost” Account
No bank account? No problem! A criminal pays a homeless person $100 to be the “originator” for a $50k transfer. The bank sees a real person but misses the real mastermind. 👻
Fighting Back with Smarter Tools
Tech like #InclusiveRegtech helps banks spot fake senders—even in tiny towns. #OpenSourceAML lets experts worldwide share red flags, like sudden “pizza shops” moving millions. Together, they turn financial trails into crime-fighting maps! 🗺️
📖 Learn terms like “originator” here: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms).
Let’s make sure every money transfer has a real return address. 🌍✨
#InclusiveRegtech #OpenSourceAML #100HariNulis #FollowTheMoney #StopFinancialCrime
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P.S. Ever played “hide and seek” with money? Let’s chat about closing loopholes below! 👇
