#QuickbiteCompliance day 226
🔍 Sanctions Compliance: The Rules That Keep Bad Guys in Check (And How They Try to Bend Them) 🔍
Think of sanctions compliance like a giant rulebook 📖 that stops criminals, terrorists, and corrupt leaders from using money or trade to do harm. Banks, businesses, and governments follow these rules to freeze out bad actors—but the bad guys keep finding sneaky ways around them.
### 🕵️♂️ How They Cheat the System:
– Fake Identities 🎭 – Using stolen or made-up names to open bank accounts.
– Ghost Ships 🚢 – Turning off GPS trackers to secretly move sanctioned oil or weapons.
– “Friendly” Middlemen 🤝 – Hiring clean-looking companies in other countries to hide illegal deals.
Example: A drug cartel might use a fake charity to send money overseas 💸, hoping banks won’t notice. But smart sanctions screening can catch them!
### 🛡️ The Good News?
Tech like #InclusiveRegtech and #OpenSourceAML helps businesses spot these tricks faster—keeping dirty money out of the system. 💡
📚 Learn more: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#SanctionsCompliance #StopFinancialCrime #100HariNulis #TransparencyWins