What are financial crime compliance programs also known as?

Financial crime compliance programs are often referred to as Anti-Financial Crime (AFC) programs because their primary objective is to detect, prevent, and combat financial crimes, including money laundering, fraud, and terrorist financing. These programs are structured to align with regulatory requirements and best practices in financial sectors, ensuring that organizations implement robust policies and procedures to identify and mitigate risks associated with various financial crimes.

Naming them as Anti-Financial Crime programs emphasizes the proactive approach organizations must take in compliance and risk management. This terminology also reflects the growing global emphasis on combating financial crime and highlights the importance of a coordinated strategy across different financial institutions and stakeholders to support safe and transparent financial systems.