#QuickbiteCompliance day 225
🚨 How Sanctions Stop Bad Guys (And How They Try to Cheat) 🚨
Did you know countries sometimes use “sanctions” like a timeout for rule-breakers? 🛑 Sanctions block trade, money, or travel to pressure bad actors—like criminals, terrorists, or corrupt leaders—to stop harmful behavior.
But guess what? Bad guys cheat. Here’s how:
– Shell Companies 🤥: They hide money behind fake businesses in unsanctioned countries.
– Crypto Tricks ₿: Using anonymous wallets to move banned funds.
– Trade Lies 📦: Smuggling sanctioned goods (e.g., weapons) through third countries.
Example: A sanctioned politician might use a friend’s bank account abroad to buy luxury yachts 🛥️—until investigators follow the money!
Good news? Tech like #InclusiveRegtech & #OpenSourceAML helps banks spot these tricks faster! 🚀
📖 Learn more: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#Sanctions #StopFinancialCrime #100HariNulis #TransparencyMatters
(P.S. Tools like Mulai Console use these features to fight dirty money!)