#QuickbiteCompliance day 214
🏛️ Regulatory Agencies: The Financial Crime Police – But Can Criminals Trick Them?
Think of regulatory agencies as the “financial police” – they make rules, check banks, and stop money laundering. But just like thieves study security systems, criminals find ways to exploit gaps in regulation.
### 🚨 How Do Bad Actors Game the System?
1️⃣ Jurisdiction Shopping – Criminals target countries with weak regulators to set up shady businesses.
2️⃣ Shell Company Maze – They hide behind layers of fake companies, knowing some regulators can’t track cross-border ownership.
3️⃣ Slow Motion Crime – Some move money in small amounts to avoid triggering strict reporting rules.
### 💡 How Can We Stay Ahead?
✅ Global Cooperation – Regulators must share intelligence across borders.
✅ Tech-Powered Oversight – Tools like #InclusiveRegtech help agencies monitor risks in real-time.
✅ Open-Source Transparency – #OpenSourceAML lets banks & regulators collaborate on better detection.
📚 Learn key AML terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrime #AML #Regulation #Fintech #100HariNulis
(P.S. Smart tech like Mulai Console helps regulators AND banks fight crime faster – because rules alone aren’t enough without the right tools! ⚡️)
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Your take? How can regulators and fintech work better together? Drop your thoughts! 👇