#QuickbiteCompliance day 229
🚨 How Bad Guys Sneak Past the Rules: Sanctions Evasion Explained! �♂️💸
Imagine you’re playing a game where some players are banned—but they sneak in by changing their jerseys or pretending to be someone else. That’s what sanctions evasion looks like in finance!
Bad actors hide their connections to sanctioned countries, companies, or people to move money illegally. Here’s how they do it:
🔹 Fake Companies – They set up “clean” businesses in allowed countries to secretly move money for banned groups.
🔹 Layering Transactions – They split payments into smaller, confusing chunks to avoid detection.
🔹 Using Middlemen – They hire third parties (who aren’t sanctioned) to make deals for them.
🔹 Mislabeling Goods – They lie about what’s being shipped (e.g., calling weapons “farm equipment”).
When this works, illegal funds flow freely—funding wars, terrorism, or corruption. 💔
The good news? Technology fights back! Tools like #InclusiveRegtech and #OpenSourceAML help track hidden money trails. Let’s keep finance clean and fair! 🌍✨
📖 Learn more: [ACAMS Glossary of Terms](https://www.acams.org/en/resources/aml-glossary-of-terms)
#SanctionsEvasion #FinancialCrime #AML #Compliance #StopIllicitFinance #100HariNulis