By Brian Monroe
bmonroe@acfcs.org
August 17, 2022
A cornucopia of fraud themes, schemes and scams are exploding across the world – particularly from foreigners targeting countries like the United States – and more often than not, when fraudsters try to get that money, those funds could be originating or flowing through your institution.
That is just one of key takeaways from ACFCS’ Third Annual Fincrime Virtual Week (FCW), which took place earlier this month, with the overarching themes of exploration, discovery and questing for a better future in fighting all forms of financial crime and bolstering compliance.
More than 4,000 fincrime compliance professionals attended the event, including current and former top government and investigative officials from the United States, Europe, Canada and Latin America.
Attendees learned important lessons from speakers at the U.S. Treasury, Internal Revenue Service Criminal Investigations, U.S. Department of Justice and its recently-formed KleptoCapture Task Force, the Department of Homeland Security and the former head of the Paris-based Financial Action Task Force, David Lewis.
Some of the issues highlighted by these speakers included how governments around the globe are working to boost corporate transparency – including the U.S. with its Corporate Transparency Act and pending ENABLERS Act legislation – and close longstanding regulatory gaps, while encouraging innovation in tech and human training.
The panelists also…
