ACFCS Certification Exam Overview

A professional credential demonstrating expertise in financial crime prevention and detection. It's like a stamp of approval for your knowledge and skills in this field.

The practice of ensuring a test fairly and accurately measures knowledge and abilities, making it dependable for evaluating skills.

A standardized exam that assesses a candidate's knowledge and skills in financial crime prevention and detection.

The organization that administers the CFCS certification exam and promotes professional standards in the financial crime field.

A growing global issue that requires professionals with specialized knowledge and skills to combat.

The process of verifying someone's skills and knowledge through an objective evaluation.

The ability to perform a task or job effectively and efficiently through acquired knowledge, experience, and training.

Financial crimes are illegal activities that involve money or financial instruments, aiming to obtain illicit profits.

Financial criminals often target public and private healthcare programs, exploiting them for illicit gains.

The U.S. government estimates significant losses due to fraud within its Medicare program.

Lax controls, poor oversight, and weak enforcement contribute to financial crime's success.

The recovery of stolen assets from financial criminals is often very low, with estimates suggesting only 2-5% are recovered.

Criminals often resort to money laundering to conceal the origin of their illicit profits.

Financial crimes involve a variety of perpetrators and methods, constantly evolving to evade detection.

This manual focuses on financial crimes where perpetrators possess or control criminal proceeds, making them classic financial criminals.

The process of confirming that financial crime and tax evasion are interconnected, highlighting their shared nature and how they often occur together.

Organizations, like banks and trading firms, that handle financial transactions, making them attractive targets for criminals.

The way criminal activities are carried out, specifically in the financial world. These techniques can vary widely and change over time.

Information about specific criminal acts in finance, offering in-depth understanding of how these crimes happen and how to prevent them.

The risk associated with employees of businesses involved in financial crime, as they could be corrupt or vulnerable to manipulation, leading to compromise.

Actions that involve deception, corruption, or guile to gain an unlawful economic advantage.

The illegal use of someone's personal information, such as their social security number, to gain access to their financial accounts.

The process of concealing the origin of illegally obtained money by making it appear legitimate.

A broad category that encompasses various crimes committed by individuals within organizations (like businesses) for personal gain.

A practice involving bribery, fraud, and exploitation to achieve personal gain or influence decisions.

The act of intentionally failing to pay taxes due to the government.

The process of uncovering losses suffered by victims and recovering stolen assets.

The specific steps involved in carrying out a financial crime, from planning to laundering the proceeds.

The constant evolution of financial crimes due to changing circumstances and technological advancements.

Places known for reduced taxation and financial regulations, attracting international investment and potentially hindering the fair taxation of corporations.

An organization that promotes international cooperation, standardization, and economic development primarily focused on economic policy.

Intentional deceit or misrepresentation for personal gain, often involving financial transactions.

The act of financing terrorist activities, including recruitment, training, and planning attacks.

Offering bribes or other incentives to influence business decisions or gain an unfair advantage.

The convergence of different financial crimes to achieve a common goal, making them increasingly intertwined and complex.

The coordinated approach to tackle financial crimes by different countries and organizations.