Committee Action Plan

Who We Are

We are a technical committee comprised of CPA and other professionals (e.g., lawyers, regulators, certified CAMS, ACSS, CFA,  and compliance specialists from financial institutions) focused on providing subject matter expertise relating to Financial Crime.  The concept of Financial Crime is much broader than simply Anti-Money Laundering (“AML”) or Countering the Financing of Terrorism (“CFT”).  

Areas of key focus for the committee include compliance with the Bank Secrecy Act (BSA),  AML compliance, CFT, sanctions, and identification and prevention of fraud (including, but not limited accounting fraud, tax fraud, check fraud), and other related matters involving financial crimes as appropriate and as identified over time

What We Do

The Committee provides a broad and continuous forum for sustaining subject matter expertise relevant to CPAs and other professionals practicing in the broad range of industries by:

• Building strategic relationships with Society members, other professional accountants, regulators, prosecutors, law enforcement agencies, industry representatives, academics and other professional organizations involved in the AML/CFT and sanctions compliance, and fraud risk practice areas.
• Providing a committee for sharing topical information through CPE sessions, conferences and webinars.
• Sponsoring BSA/AML/CFT, sanctions and fraud risk educational programs, including conferences, workshops and webinars targeted to CPAs and other professionals.
• Serving as a trusted resource for CPAs and other professionals engaged in the fields of BSA/AML/CFT compliance, sanctions,  fraud risk, and other types of Financial Crimes.

Who Should Join

Both CPAs and other professionals who benefit from participating on the Financial Crimes Committee:

• CPAs and other professionals with employers or clients who have existing compliance requirements;
• CPAs and other professionals engaged in providing compliance related, internal audit or litigation support services;
• CPAs and other professionals considering a broad financial crimes practice area;
• CPAs and other professionals engaging in internal and external fraud risks within a financial crimes practice area;
• CPAs and other professionals in industries with BSA/AML/CFT and/or sanctions requirements;
• Participants interested in staying abreast of developing areas of interest relating to Financial Crimes; and
• Students interested in developing expertise in financial crime and fraud risks, which can be beneficial for various careers, including careers in compliance, law, internal audit, data management, AI and IT for compliance, or for general awareness and to build their expertise in a new field.