#QuickbiteCompliance day 252
🔍 The SDN List: Your Guide to Fighting Bad Guys
Imagine your school has a “no-trade lunchbox” list. If someone steals snacks, they go on the list—and nobody can trade with them. The SDN List works like that for the U.S. government. It’s a list of people, companies, or groups (like terrorists or drug traffickers) banned from doing business with anyone in the U.S. 🇺🇸
– Bad guys sneak around the list by:
– Hiding behind fake companies (e.g., a “toy store” secretly moving illegal money) .
– Using friends/family to open bank accounts or run businesses for them .
– Faking IDs to trick banks into thinking they’re someone else .
💥 Why it matters:
If a bank, business, or even a hospital accidentally deals with someone on the SDN List, they could:
– Lose millions in fines 💸
– Face jail time 🔒
– Get cut off from the global money system 🌍
🛡️ How we fight back:
Tools like #InclusiveRegtech and #OpenSourceAML help everyone—big banks or small shops—screen bad guys cheaply and fairly. For example:
> “A coffee exporter used free AI tools to spot an SDN hiding in their supply chain—saving their business!”
🌱 Together, we make finance safer.
🔗 Learn more terms: [ACAMS Glossary](https://www.acams.org/en/resources/aml-glossary-of-terms)
#SanctionsCompliance #FinancialCrime #AML #SDNList #InclusiveRegtech #OpenSourceAML #100HariNulis #FinSecurity
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P.S. Like that lunchbox list, the SDN List updates daily. Stay alert! ⚠️