AFC Policy Archives - ACAMS Today

AFC Policy, Fraud, Global Financial Crime Review, World Digest

Huione Group and the Rise of a Financial Crime Superhub

May 16, 2025May 16, 2025 /Leave a comment

In May 2025, the Financial Crimes Enforcement Network (FinCEN) took a decisive step in the global fight against cyber-enabled financial crimes. In a historic Notice of Proposed Rulemaking (NPRM), FinCEN identified Cambodia-based Huione Group as a financial institution (FI) of primary money laundering concern under...

AFC Challenges, AFC Policy, Compliance, Exclusive, Fraud

The Assembly Hollywood Highlights Trending AFC Issues

May 9, 2025 /Leave a comment

Members of the international anti-financial crime (AFC) community congregated in Florida last week to discuss the latest developments in the AFC space during the ACAMS Assembly Hollywood, which took place from April 28-30 in Hollywood, Florida. The conference’s informative sessions addressed an array of trending...

AFC Challenges, AFC Policy, Compliance, Global Financial Crime Review, World Digest

Turkey’s Approach to VASPs

March 25, 2025March 25, 2025 /Leave a comment

As a result of developments in the field of cryptography and cryptocurrency assets—which continue to evolve as an alternative to the existing financial system—relevant international organizations have increased their efforts to guide countries. It is well known that the financial system not only encompasses the...

AFC Policy, Europe Express, March – May 2025, Understanding AI

AI in AFC

March 19, 2025 /Leave a comment

Among the most widely discussed topics today are the opportunities provided by artificial intelligence (AI) to improve efficiency and to reduce costs. This also stands true for anti-financial crime (AFC) processes. Know your customer and transaction monitoring processes work with large amounts of data. Because...

AFC Policy, Compliance

AML/CTF Rules Guide—Executive Orders and the Rulemaking Process

December 19, 2024December 19, 2024 /Leave a comment

This article, part two of an overview of the “notice and comment” process in rulemaking, will discuss the roles of Executive Orders and the Office of Information and Regulatory Affairs in the process, as well as the three stages of the process. The first part...

AFC Policy, Compliance, Regulatory Initiatives

Insights from FinCEN’s Year in Review 2023

September 12, 2024 /Leave a comment

Whether or not certain customer activity or behavior results in a crime, financial institutions (FIs), in fulfilling their legal obligations, must report/alert authorities about potential concerns so that they get investigated. Each year, the Financial Crimes Enforcement Network (FinCEN) publishes its Year in Review report,...

AFC Policy, Compliance, Core AFC Resources, Exclusive

The Role of Accountants in Combating Financial Crimes

July 24, 2024 /Leave a comment

Accountants provide various services related to bookkeeping, accounting, budgeting and financial planning. They are seen as business enablers because they help business owners make informed decisions. Since they know the real intent and the ultimate beneficial owners behind business transactions, they have firsthand information about...

AFC Policy, Compliance, Practical Solutions

Law Firms Can Offer Compliance Consulting Support for FIs

July 2, 2024 /Leave a comment

Governments and regulatory bodies worldwide have been tightening their grip on financial markets in response to economic crises. Meanwhile, there is also the need to prevent money laundering, fraud and other financial crimes. As a result, financial institutions (FIs) are subject to many regulations, including...

AFC Policy, In Focus, March – May 2024

The Possible Effects of the Beneficial Ownership Rule

March 1, 2024 /Leave a comment

All financial institutions (FIs) are now contending with the changes in the Beneficial Ownership Rule that went into effect on January 1, 2024. The objective of the Beneficial Ownership Rule established in May 2018 was for FIs to know the “who” of your customer’s relationships...

AFC Policy, December 2023 – February 2024

FinCEN’s Beneficial Ownership: Clarity or Confusion?

December 13, 2023December 13, 2023 /Leave a comment

As of January 1, 2024, many U.S. companies will be required to report details of their beneficial owners, i.e., individuals who benefit from ownership or control of the company, to the Financial Crimes Enforcement Network (FinCEN).1 The bureau is now launching an educational outreach program...

ACAMS Today

The Magazine for Career-Minded Professionals in the Anti-Financial Crime Field

Huione Group and the Rise of a Financial Crime Superhub

Offshore Trust Structures and Feeder Fund Mechanisms

One and Done: Ending the Supplemental SAR Assembly Line

Next-Generation Financial Crime Enterprise-Wide Risk Assessments

The Critical Role AFC Professionals Can Play in Sustainable Development

Nature for Sale: Unmasking the True Cost of Wildlife Trafficking

AFC Policy

Huione Group and the Rise of a Financial Crime Superhub

The Assembly Hollywood Highlights Trending AFC Issues

Turkey’s Approach to VASPs

AI in AFC

AML/CTF Rules Guide—Executive Orders and the Rulemaking Process

Insights from FinCEN’s Year in Review 2023

The Role of Accountants in Combating Financial Crimes

Law Firms Can Offer Compliance Consulting Support for FIs

The Possible Effects of the Beneficial Ownership Rule

FinCEN’s Beneficial Ownership: Clarity or Confusion?