AFC Challenges

FATF grey lists Nepal: Potential economic implications
AFC Challenges, AFC Policy, Global Financial Crime Review, World Digest

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The Financial Action Task Force (FATF), established in 1989, is an intergovernmental organization tasked with developing international standards to combat money laundering, terrorist financing and countering proliferation financing. To ensure adherence to these standards, FATF conducts periodic assessments of both member and nonmember countries, evaluating...
The deepfake dilemma: The rise of synthetic identity threats
AFC Challenges, Fraud, In Focus, Understanding AI

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The emergence of synthetic identities created by artificial intelligence (AI) signifies a shift in financial crime. Deepfakes, a form of synthetic media, are hyper-realistic alterations of audio, video and images produced using machine learning techniques like generative adversarial networks (GANs). Once limited to research and...
The World Cup: A magnet for financial crime
AFC Challenges, Compliance, December 2025 – February 2026, Global Financial Crime Review, Human Trafficking, Practical Solutions

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When the FIFA World Cup starts, the world comes together in celebration. However, while fans are focused on the games, criminal networks see an opportunity. Human traffickers, fraudsters, money launderers and even terrorist financiers are aware that major events like this create an ideal environment...
Guide to successfully implementing AFC systems
AFC Challenges, Compliance, December 2025 – February 2026, Practical Solutions, Tech Scope, Understanding AI

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Implementing a new anti-financial crime (AFC) system is a complex and large project because of the amount of data required to enable the system and the regulatory expectations for the system’s capabilities and performance. Whether a system is being introduced to replace outdated technology, to...
In the spotlight: Fighting human trafficking at global events
AFC Challenges, Compliance, December 2025 – February 2026, Global Financial Crime Review, Human Trafficking

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When the world’s spotlight shines brightest on events like the Super Bowl, Formula 1, the electronics trade show CES and soon the 2026 FIFA World Cup, it also illuminates something far darker. Behind the glamor, the global media coverage and the surge of tourism, predators...