Industries
We Serve
We are committed to helping our clients navigate the complex landscape of AML/CTF regulations and safeguard their businesses against financial crime. Our collaborative approach, fortified by extensive industry expertise and a steadfast dedication to excellence, make us a trusted partner in achieving sustainable compliance and mitigating financial crime risks effectively. We believe in creating an environment where everyone can share ideas, ask questions, and take risks by working together towards a common goal guided by a shared vision.
Banking
Our tailored AML solutions offer banks a robust framework to safeguard against financial crimes. Through meticulous risk assessment, advanced technology integration, and regulatory compliance expertise, we provide banks with proactive strategies to detect and mitigate money laundering risks. We collaborate with financial institutions, offering tailored solutions that align with regulatory requirements and industry best practices. From robust transaction monitoring to comprehensive due diligence processes, our services empower banks to enhance their AML compliance, bolstering trust, and safeguarding the integrity of their operations.
Payments
Payment processors face the threat of exploitation by criminals aiming to launder illegal funds through transactions that appear legitimate. We work closely with payment networks, processors, issuing banks, and merchant service providers, providing customized solutions that adhere to regulatory standards and industry norms. We assist in enhancing their AML compliance endeavors by conducting efficient transaction monitoring, periodic reviews and due diligence. This ensures the secure processing of transactions while strengthening overall compliance measures.
Fintech
Our specialized services cater to the unique needs of fintech companies, offering innovative solutions to combat financial crimes. Leveraging advanced technology and industry expertise, we provide fintechs with tailored AML frameworks designed to identify and mitigate money laundering risks effectively. Our comprehensive approach encompasses sophisticated transaction monitoring, robust customer due diligence processes, and continuous regulatory compliance updates. By partnering with us, fintech enterprises can strengthen their AML compliance posture, enhance customer trust, and safeguard their platforms against illicit activities.
Betting
With a deep understanding of the regulatory environment and the dynamics of betting operations, we provide betting companies with robust solutions to detect and prevent illicit financial activities related to gambling. Online Gambling raises concerns related to responsible gambling, consumer protection, and regulatory oversight, as the ease of access and potential for anonymity can pose risks such as addiction, fraud, and money laundering. Our services include advanced transaction monitoring, thorough customer due diligence processes, and ongoing compliance support to ensure alignment with regulatory requirements and industry standards.
Law Enforcement
We support law enforcement and government agencies in their efforts to combat financial crimes and illicit activities. With extensive expertise in AML regulations, investigative techniques, and financial analysis, we offer comprehensive solutions to assist law enforcement agencies in identifying, tracking, and prosecuting individuals or organizations involved in money laundering schemes. Our services encompass advanced data analytics, forensic accounting, and risk assessment methodologies to uncover complex financial transactions and patterns indicative of money laundering activities. We offer actionable intelligence, prepare evidence, and provide expert testimony in support of criminal investigations and prosecutions.
Real Estate
Real estate transactions are prime targets for money laundering due to their high-value nature and the ability to conceal beneficial ownership through complex structures like shell companies, trusts, and offshore entities. Criminals use these methods to obscure the source of illicit funds and integrate them into the legitimate economy. Large cash payments and transactions in high-risk markets add to the sector’s vulnerability. AFC Group provides solutions such as enhanced due diligence (EDD) to verify the identity of buyers, sellers, and beneficial owners, risk-based KYC (Know Your Customer) procedures, and comprehensive transaction monitoring to identify red flags like unusual payment methods or rapid property turnovers. By aligning clients with FinCEN’s Geographic Targeting Orders (GTOs) and real estate-specific AML rules, AFC Group helps mitigate these risks.
Non-Profit Organizations (NPOs)
NPOs are at risk of being exploited by money launderers and terrorist financiers due to the large volume of donations they handle, especially when operating in or sending funds to high-risk or conflict regions. Criminals may use NPOs as intermediaries to mask the origin and movement of illicit funds under the guise of charitable activities. AFC Group offers a comprehensive suite of services designed to safeguard NPOs from these risks, including risk assessments to evaluate vulnerabilities in operations, transaction monitoring tools to detect suspicious donation or fund flow patterns, and tailored policies that adhere to both U.S. and international AML regulations. Additionally, AFC Group provides ongoing training to ensure NPO staff are equipped to spot and report red flags, minimizing the likelihood of abuse.
Shipping & Logistics
The global shipping and logistics sector faces significant risks related to trade-based money laundering (TBML), where criminals manipulate trade transactions—through over- or under-invoicing, misclassification of goods, or phantom shipments—to move illicit funds across borders. The complexity of global supply chains, along with varying regulatory standards, makes it difficult to detect these schemes. AFC Group assists shipping and logistics companies by implementing TBML detection frameworks that leverage automated invoice and documentation reviews, enabling the identification of discrepancies in shipping records. Additionally, AFC Group supports trade partner due diligence to mitigate risks associated with unknown or high-risk counterparties, while providing specialized training to enhance staff awareness of TBML red flags and compliance requirements.
Healthcare
Healthcare and pharmaceutical sectors face money laundering risks from fraudulent billing schemes, misappropriation of healthcare funds, and illegal activities such as prescription drug diversion and counterfeit drug sales. These risks are exacerbated by the high volume of payments, complex supply chains, and partnerships with third-party vendors. AFC Group helps mitigate these risks by implementing comprehensive fraud and AML risk management programs, which include detailed audits of billing and financial processes to detect irregularities. AFC Group also offers policy development to ensure compliance with healthcare-related financial regulations and delivers targeted training for employees to recognize suspicious activities related to healthcare fraud and money laundering.
Luxury Goods
The luxury goods sector, including art, jewelry, high-end vehicles, and yachts, is vulnerable to money laundering due to the portability, high value, and ease of resale of these assets. Criminals often use cash purchases or intermediaries to evade scrutiny and integrate illicit funds into the legitimate economy. AFC Group provides solutions that help luxury goods businesses comply with AML requirements by implementing robust transaction monitoring systems to flag high-value cash purchases, unusual customer behavior, and other red flags. Additionally, AFC Group assists with beneficial ownership verification, ensuring businesses understand the true identity of their clients. Through ongoing compliance training, AFC Group helps staff stay informed about evolving AML regulations and enforcement trends in the luxury sector.
Accounting
Accounting and professional service firms are at risk of enabling money laundering by providing services such as tax planning, audits, mergers and acquisitions, and company formation, which may be exploited by high-risk clients to obscure their financial activities. In some cases, accountants may unknowingly assist in structuring transactions designed to hide the source of illicit funds. AFC Group supports these firms by offering comprehensive client due diligence services, ensuring that accountants conduct thorough risk assessments before taking on new clients. AFC Group also provides guidance on developing AML-compliant policies tailored to professional services, audit support to identify suspicious financial activities, and ethics and compliance training to help professionals recognize and mitigate risks related to money laundering and financial crime.
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