#QuickbiteCompliance day 224
Safe Harbor: Protection for Good Faith Reporting—But Can Criminals Abuse It?
Safe harbor laws protect banks and employees when they report suspicious activity—even if no crime is ultimately found. This encourages more reporting without fear of lawsuits.
But here’s the catch:
Bad actors can exploit safe harbor by flooding systems with false reports or misleading flags to:
– Hide real crimes – Overloading FIUs with junk alerts so real red flags get buried.
– Retaliate against whistleblowers – Abusing “good faith” reporting to falsely accuse rivals.
– Manipulate investigations – Deliberately triggering unnecessary probes to delay real action.
The solution? Smarter detection tools that filter noise from real threats—powered by #InclusiveRegtech and #OpenSourceAML to keep reporting effective, not exploitable.
Learn more about AML terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#FinancialCrime #AML #Compliance #RiskManagement #100HariNulis
(When safe harbor works right, it shields reporters—not criminals. The right tech ensures it stays that way.)