Day 214: Regulatory Agency

#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! 👇