Tag: terms
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Day 103: Evasion
#QuickBiteCompliance Day 103 💡 What is Evasion in Financial Crime? Let’s Break it Down! Imagine you’re playing a game where certain areas are “off-limits.” You know the rules, but some people—let’s call them the “bad guys”—find sneaky ways to break those rules without getting caught. In the world of financial crime, this sneaky behavior is…
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Day 102: Europol
#QuickBiteCompliance Day 102 👮♂️ Europol: The Super Team Keeping Europe Safe! 👮♀️ Imagine if all the police in Europe worked together like superheroes in a big team—that’s Europol! Their mission is simple: protect people across Europe and stop bad guys from breaking the law. In the fight against money laundering (when criminals hide stolen money),…
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Day 101: European Union Directive on Prevention of the Use of the Financial System for the Purpose of Money Laundering and Terrorist Financing
#QuickBiteCompliance Day 101 🛡️ The EU Directive: Protecting Our Money from Bad Guys 🛡️ Imagine your school has rules to stop bullies from taking lunch money. The European Union (EU) has similar rules to stop bad people from using their stolen money or funding dangerous activities. These rules are called the EU Directive on Money…
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Day 100: European Union
#QuickBiteCompliance Day 100 🌍 The European Union: A Teamwork Story with a Twist 🌍 Imagine a big neighborhood where 27 countries decided to team up and work together. This group is called the European Union (EU). They share rules to make life easier—people, goods, services, and even money can move freely between them. It’s like…
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Day 99: Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG)
#QuickBiteCompliance Day 99 🌍 Fighting Bad Guys Who Steal Money and Support Terrorism! 🚫💸 Did you know there’s a superhero team called the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG)? 🦸♂️🦸♀️ It was created in Moscow back in 2004 to stop bad guys from using money for illegal things like funding…
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Day 98: Enhanced Due Diligence
#QuickBiteCompliance Day 98 🌟 Enhanced Due Diligence: Stopping Bad Guys in Their Tracks! 🌟 Imagine you’re the captain of a soccer team. You know most players on your team really well, but there’s a new player who seems a bit… mysterious. You’d want to know more about them, right? What’s their skill? What’s their strategy?…
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Day 97: End-User Certificate
#QuickBiteCompliance Day 97🌍 Why End-User Certificates Matter in Fighting Financial Crime 🚢 Imagine you let a friend borrow your favorite toy, and they promise to keep it. But then you find out they gave it to someone else! That’s kind of what happens when people misuse End-User Certificates (EUCs) in the real world. An EUC…
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Day 96: Embezzlement
#QuickBiteCompliance Day 96 💰 What is Embezzlement? How Some People Take What Doesn’t Belong to Them! Imagine you were in charge of your class’s candy jar, and your teacher trusted you to hand out candy fairly. But instead of sharing, you secretly took some for yourself and didn’t tell anyone. That’s called embezzlement, and it’s…
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Day 95: Embargoes
#QuickBiteCompliance Day 95 🌍 Let’s Talk About Embargoes: Why They Matter and How the Bad Guys Try to Break Them! Imagine your school banned trading candy with a certain group of students because they weren’t following the rules. That’s kind of like what a country does when it creates an embargo. An embargo is a…
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Day 94: Electronic Money
#QuickBiteCompliance Day 94 What Is E-Money, and How Can It Be Misused by Bad Guys? Imagine you have a magical card or phone that holds “invisible money.” This money isn’t like the cash in your piggy bank—it’s stored electronically, kind of like how your favorite games store coins or points. This is called Electronic Money…