#QuickbiteCompliance day 239
🚨 The Candy Bar Heist: How Cops “Seize” Bad Guys’ Loot!
Imagine your principal catches a kid stealing candy bars. Instead of just freezing the candy (saying, “Don’t eat it yet!”), she SEIZES it—grabbing the bars and locking them in her desk. The candy still belongs to the kid, but now the principal controls it. That’s asset seizure in real life!
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### 🕵️♂️ How Bad Guys Hide Their “Candy Bars” (Before Seizure!)
Bad guys use sneaky tricks to stash stolen money or art—making seizure critical to stop them:
1. Fake Companies: Criminals buy luxury cars or houses using secret shell companies, like hiding candy wrappers under the bed. When caught, cops seize the assets!
2. Smuggling Art: A gang hid €5 million using a painting attributed to Goya—shipping it across borders like a disguised candy bar. Police seized both the art and cash!
3. “Helpful Friends”: Sanctioned criminals pay “clean” friends (isolation companies) to buy yachts or diamonds for them. Seizure uncovers the real owner!
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### ⚖️ Why Seizure > Freezing
– Freezing = “Hands off your money!” (Assets stay put).
– Seizure = “We’re taking control!” (Authorities lock assets away—like the principal’s desk!).
Example: When kleptocrats steal millions from schools/hospitals, seizure stops them from secretly moving art or crypto .
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### 🔍 How Tech Exposes Hidden Loot
Tools like Mulai Console use #InclusiveRegtech and #OpenSourceAML to:
– Track “candy bars” moving through 10+ shell companies 🏢 → 🚢 → 🖼️.
– Alert when a $1M van Gogh appears in a tax haven!
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### 💡 Key Takeaway
Seizure doesn’t just pause crime—it confiscates the tools criminals rely on. Without it, bad guys keep buying candy bars with stolen lunch money!
\#FinancialCrime #AssetSeizure #AntiMoneyLaundering #Transparency #FollowTheMoney #InclusiveRegtech #OpenSourceAML #100HariNulis
Source: [ACAMS AML Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
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(P.S. Real-life “candy bars” = seized jets, Rolexes & crypto—auctioned by @U.S. Marshals!)