#QuickbiteCompliance day 231
🚨 Breaking Bad: How Criminals Exploit Sanctions Lists 🚨
Did you know that bad guys sometimes use Sanctions Lists—official lists of people, companies, or countries we’re not allowed to do business with—to hide their dirty money? 💰🕵️
Here’s how they do it:
1️⃣ Fake Identities – Criminals pretend to be someone not on the sanctions list to trick banks into moving illegal funds.
2️⃣ Shell Companies – They create fake businesses with names similar to legal ones, making it hard to spot the difference.
3️⃣ Country Hopping – Money moves through unsanctioned countries first, then into banned ones, like a sneaky detour!
Sanctions lists help stop terrorists, drug lords, and corrupt leaders—but only if we stay sharp! 🔍
At Mulai Console, we believe in #InclusiveRegtech and #OpenSourceAML—making financial crime-fighting tools accessible to everyone.
📖 Learn more about AML terms here: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#Sanctions #FinancialCrime #AML #Compliance #100HariNulis #StopIllegalMoney