Some People Will Do Anything for Money
So I had to attend an Anti-Money Laundering (AML) and Anti-Terrorisim Funding (ATF) training session today as part of the co's compliance program.
Some parts were rather interesting, others not so... plus they dimmed the lights for us to watch the VCD so I almost nodded off at certain points.
So anyway, after the VCD, the trainer took us thru some .ppt slides and told us some real life scenarios where large, well-known overseas financial institutions were fined and some closed down due to non-compliance to the AML and ATF regulatory standards.
Towards the end of the session, he told us that there are people who would do anything for money and he gave this real life story that was conveyed by a senior official. There was a couple who went holidaying with their young son in another country. While they were shopping/walking around, they realized that they had lost their son. They became frantic and reported the lost child to the authorities but the authorities told them that there wasn't much they could do but suggested that the couple wait by the border to see if they managed to spot their son. Sure enough, when they were waiting at the border, they saw a man walking towards the border, carrying their child. So the mother, being like all mothers, got frantic and ran towards the man. Upon seeing the woman, the man got scared, dropped the child and ran but the police managed to apprehend him. When the mother got to her child, she found that her child had been slit and gutted, and the boy's corpse was stuffed with drugs. Apparently, the man was planning to smuggle the drugs that was stuffed in the child, across the border, pretending that the child was asleep so the authorities wouldn't think twice of questioning him.
Gosh, can you imagine??????? What WON'T people think of doing???
o_O
Some parts were rather interesting, others not so... plus they dimmed the lights for us to watch the VCD so I almost nodded off at certain points.
So anyway, after the VCD, the trainer took us thru some .ppt slides and told us some real life scenarios where large, well-known overseas financial institutions were fined and some closed down due to non-compliance to the AML and ATF regulatory standards.
Towards the end of the session, he told us that there are people who would do anything for money and he gave this real life story that was conveyed by a senior official. There was a couple who went holidaying with their young son in another country. While they were shopping/walking around, they realized that they had lost their son. They became frantic and reported the lost child to the authorities but the authorities told them that there wasn't much they could do but suggested that the couple wait by the border to see if they managed to spot their son. Sure enough, when they were waiting at the border, they saw a man walking towards the border, carrying their child. So the mother, being like all mothers, got frantic and ran towards the man. Upon seeing the woman, the man got scared, dropped the child and ran but the police managed to apprehend him. When the mother got to her child, she found that her child had been slit and gutted, and the boy's corpse was stuffed with drugs. Apparently, the man was planning to smuggle the drugs that was stuffed in the child, across the border, pretending that the child was asleep so the authorities wouldn't think twice of questioning him.
Gosh, can you imagine??????? What WON'T people think of doing???
o_O
posted by Ai Ling at
Tuesday, January 16, 2007
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