The AFC Ecosystem
The AFC Ecosystem is a collaborative network leveraging collective intelligence to prevent financial crimes such as money laundering, fraud, and terrorist financing. Members gain access to advanced technology, expert insights, and a robust governance framework to enhance the effectiveness of financial crime prevention.
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The Key Pillars of the AFC Ecosystem
Typology Repository
A Federated Learning Platform that provides access to key information from real-world financial crime cases securely and privately. It operates under a Governance Framework that ensures robust review mechanisms and traceability.
AFC Network
A global network of Fraud and Anti-Money Laundering experts that aim to jointly tackle financial crimes by pooling their collective knowledge. The members contribute new typologies that are reviewed and deployed following the AFC governance framework.
Who Forms the AFC Network
The Anti-Financial Crime Ecosystem (AFC) is a tech-enabled community platform that connects financial experts across industries that share the common goal of collaborating to enhance their ability to protect against and prevent financial crime.
The members of the AFC Ecosystem are financial crime experts from:
- Financial Institutions: Banks, credit unions, and other financial service providers.
- Risk Advisory Firms: Companies specialising in risk management and financial crime prevention.
- Non-Profit Organisations: NGOs focused on financial integrity and security.
- Law Firms: Legal experts working against financial crime.
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What Powers the Typology Repository
Typology Design Studio
- Workspace: To design and develop financial crime patterns.
- Standardisation: Standardised programmatic tokens to encapsulate FinCrime patterns without sharing any PII.
- Review Workflow: To ensure relevance and accuracy of published typologies.
Federated Insights Card
- Programmatic Digitalisation: Provides digitalisation of financial crime risk intelligence.
- Organised Intelligence: Organises intelligence for informed decision-making.
- Easy Sharing: Allows for easy download and sharing across multiple channels.
Federated Knowledge Base
- Library: A library of Federated Insights Cards.
- Periodic Updates: Regular updates to ensure current, accurate and relevant information.
- Tools: Features tools like SmartDiscover and SmartSearch to aid in finding and utilising the knowledge effectively.
AFC Ecosystem Member Advantages
Share Intelligence
Collaborate and detect key threats and target resources effectively.
Build Resilient Programs
Develop integrated and resilient financial crime compliance programs.
Stay Connected
Access a one-stop shop to stay updated on new and emerging threats.
Showcase Your Voice
Build your presence in the dynamic world of financial crime prevention.
Participate in Programs
Engage in national and international programs to tackle financial crime.
Passionate About Fighting Financial Crime?
Join the AFC Ecosystem to share and learn from like-minded professionals
Frequently Asked Questions
Have Questions? We are here to help
The AFC Ecosystem is a community-driven, technology-enabled platform designed to bring the industry together to combat financial crimes like money laundering and fraud effectively. It provides access to the insights of a network of financial crime experts in the form of the latest AML and fraud scenarios.
You can access the latest AML and fraud scenarios (typologies) to protect you from emerging threats. The AFC Ecosystem leverages the community to collate the financial crime scenarios. Thus responding to regulatory changes or new fincrime patterns with an unmatched speed.
It provides actionable insights derived from federated learning, including typologies and risk assessment analytics, that help in effective decision-making.
The platform is designed for user-friendliness, offering intuitive dashboards and automated features to simplify information sharing.
We offer robust customer support including technical assistance, training programs, and a dedicated team to assist with any challenges.
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