Tag: terms
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Day 113: Extraterritorial Reach
#QuickBiteCompliance Day 113 How Criminals Use “Extraterritorial Reach” to Hide Dirty Money Imagine you’re playing a game of tag, but instead of just your backyard, the rules say you can chase someone across the entire neighborhood—even if they hide in a friend’s house! That’s kind of how extraterritorial reach works in financial crime laws. Some…
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Day 112: Extraterritorial Jurisdiction
#QuickBiteCompliance Day 112 Title: How “Laws That Cross Borders” Impact Financial Crime Imagine you’re playing a game of tag, and someone changes the rules for everyone—even kids on the other side of the playground. That’s kind of like what happens with something called extraterritorial jurisdiction. It’s when one country makes and enforces rules that also…
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Day 111: Extradition
#QuickBiteCompliance Day 111 🌍 Extradition: Stopping Bad Guys Who Try to Escape Justice! Imagine someone steals a big bag of candy from your school and runs away to another town, thinking no one can catch them. Sounds unfair, right? That’s kind of like extradition—but on a bigger scale! Extradition is when one country helps another…
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Day 110: External Evasion
#QuickBiteCompliance Day 110 🛑 External Evasion: How Some Sneaky Tricks Bypass Sanctions Imagine you’re playing a game where some players have to sit out because they broke the rules. But instead of sitting out, they find sneaky ways to stay in the game. That’s kind of what happens with “external evasion” in the world of…
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Day 109: Express Trust
#QuickBiteCompliance Day 109 What Is an Express Trust and How Do Bad Guys Misuse It? Let’s say your grandma writes a note saying, “This jar of cookies is for my grandkids, and I trust my neighbor to look after it for them.” That’s kind of like an Express Trust! An express trust is when someone…
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Day 108: Export Control Joint Unit (ECJU)
#QuickBiteCompliance Day 108 What is the Export Control Joint Unit (ECJU) and Why Is It Important? Imagine you have a super-powerful water gun, and your teacher says, “You can only use it at home or share it with your close friends, but you need my permission first!” That’s what the Export Control Joint Unit (ECJU)…
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Day 107: Export Administration Regulations (EAR)
#QuickBiteCompliance Day 107 What Are Export Administration Regulations (EAR) and Why Should We Care? Let’s imagine you’re trading Pokémon cards with your friends. Your parents tell you, “You can trade these cards, but not that one—it’s too special.” That’s kind of how Export Administration Regulations (EAR) work. EAR are special rules created by the U.S.…
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Day 106: Exemption
#QuickBiteCompliance Day 106 What Are Exemptions in Anti-Financial Crime? Let’s Break It Down! Imagine you’re playing soccer, and the referee says, “This player doesn’t have to follow this one rule, just for today.” That’s called an exemption—a special permission to skip a rule. In the world of anti-financial crime, exemptions work like that. Sometimes, people…
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Day 105: Exclusions List
#QuickBiteCompliance Day 105 Understanding Exclusions Lists: Why They Matter in Fighting Financial Crime Imagine you’re playing a game of “tag,” and someone on your team says, “Don’t tag me, I’m not it.” That’s kind of how exclusions lists work in the world of financial crime compliance. An Exclusions List is a list of names that…
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Day 104: Event-Triggered Monitoring
#QuickBiteCompliance Day 104 🔍 What is Event-Triggered Monitoring? Let’s Keep It Simple! Imagine you’re in charge of a cookie jar, and you notice that every time someone switches their jar or moves their cookies to a different shelf, it’s usually because they’re trying to sneak more cookies or hide them. Your job? Keep an eye…