Journal
Day 293: Whitelist
#QuickbiteCompliance day 293 🚨 The Double-Edged Sword of Whitelisting in AML: Protection or Vulnerability? Whitelists are essential for efficient sanctions screening—they reduce false positives by exempting verified low-risk entities from repeated...
Day 292: Weak Alias
#QuickbiteCompliance day 292 🚨 False Positives Driving You Nuts? Meet the Weak Alias Challenge! As financial crime fighters, we know aliases are essential for identifying bad actors—but not all aliases are created equal. OFAC defines “weak aliases”...
Day 291: Virtual Currency
#QuickbiteCompliance day 291 🚨 Virtual Currencies: The Digital Double-Edged Sword in Financial Crime 🚨 Virtual currencies (VCs) have revolutionized finance—offering speed, borderless access, and innovation. Yet, their anonymity and decentralization also make them a...
Day 290: Vienna Convention
#QuickBiteCompliance Day 290Unpacking the Vienna Convention’s Role in Fighting Drug-Fueled Financial Crime The 1988 Vienna Convention isn’t just a treaty—it’s the bedrock of global efforts to combat narcotics trafficking and its financial lifeline:...
Day 289: Value Transfer Service
#QuickbiteCompliance day 289 🚨 The Double-Edged Sword of Modern Value Transfer Services: Efficiency vs. Exploitation As global value transfer services evolve—encompassing money, virtual assets, and property—criminals are quick to weaponize innovation....
Day 288: U-Turn Payment
#QuickbiteCompliance day 288 Unmasking U-Turn Payments: The Hidden Highways of Sanction Evasion As financial crime fighters, we often encounter complex schemes designed to bypass controls. Among these, U-Turn transactions stand...