#QuickbiteCompliance day 246
Unmasking the Magic Trick of Dirty Money: Shell Companies Explained! ✨
Imagine a magician making a coin disappear—but instead of a coin, it’s illegal cash! 🪙💸 That’s what criminals do with shell companies: businesses that look real but are empty “shells” (no office, no employees, no real work!). They’re legal but can hide secret crimes. Here’s how bad guys abuse them:
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### 🔍 3 Sneaky Ways Criminals Use Shell Companies:
1. Ghost Invoices
A shell company sends fake bills for “services never done.” Dirty money gets paid to the shell, making it look like clean profit!
2. Real Estate Flip
Criminals buy luxury properties through shells, then “sell” them to themselves repeatedly. Each fake sale cleans the cash! 🏠💵
3. Bust-Out Loans
A shell company with fake financial records takes big bank loans—then vanishes! 💸 Poof! Money gone, bank scammed .
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### ⚠️ Spot the Shell Game!
Red flags:
– Owners hidden by “nominee” directors .
– Sudden huge money transfers to tax havens (like Panama!) .
– “Businesses” with zero customers but millions in “sales” .
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### 🛡️ Fighting Back with Smarter Tech!
Tools like #InclusiveRegtech and #OpenSourceAML (like Mulai Console!) help:
– AI transaction monitoring spots fake invoices .
– Batch screening uncovers hidden owners in shell layers .
– Real-time alerts flag bust-out loans before they explode 💥 .
Together, we turn magicians into prisoners! 🚓
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🔗 Learn more: [ACAMS AML Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#ShellCompanies #MoneyLaundering #FinancialCrime #AML #Regtech #OpenSourceAML #InclusiveRegtech #100HariNulis #Transparency #FraudDetection