#QuickbiteCompliance day 247
🚀 Simple Checks: The First Step to Stop Financial Crime 🚀
Did you know that stopping bad guys often starts with something as simple as checking a name? 🕵️♂️
Simple checks are like looking for a needle in a haystack—but with the right tools, you can find it fast! For example, when a bank checks if a customer’s name matches someone on a sanctions list, that’s a simple check. It helps stop criminals from hiding dirty money.
How do bad guys trick the system?
– They use fake names or slight spelling changes (like “Mohamad” instead of “Mohammed”).
– They hide behind companies with similar-sounding names.
– They move money through different banks to avoid detection.
But with smart #InclusiveRegtech and #OpenSourceAML tools, we can catch them faster! 🚀
Want to learn more? Check out the AML Glossary here: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
Let’s make finance safer—one simple check at a time! 💡
#FinancialCrime #AML #Sanctions #100HariNulis #RegTech #AntiMoneyLaundering