Association of Certified Anti-Money Laundering Specialists – Saudi Mirror http://www.saudimirror.com News On-line Wed, 15 Mar 2023 02:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training http://www.saudimirror.com/acams-launches-scholarship-program-for-korean-professionals-seeking-anti-money-laundering-training/ Wed, 15 Mar 2023 02:00:00 +0000 http://www.saudimirror.com/?p=215550 WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) — As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti–Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti–financial crime (AFC) space, granting them a one–year membership to the association and a full waiver of all fees for the CAMS exam package.

As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti–money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk–mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.

"This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea's dynamic anti–financial crime sector," said ACAMS CEO Scott Liles. "As South Korea's financial markets continues to grow, it's critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats."

"For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives," said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. "This is a credential that will open doors for professional development throughout a recipient's career."

The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.

Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.

Find out more about the scholarship's criteria and application process here:
https://www.acams.org/cams–scholarship

About ACAMS

ACAMS is a leading international membership organization dedicated to providing opportunities for anti–financial crime (AFC) education, best practices, and peer–to–peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti–money laundering/counterterrorism–financing and sanctions knowledge–sharing, thought leadership, risk–mitigation services, ESG initiatives, and platforms for public–private dialogue. The association's CAMS certification is the gold–standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS' 60+ Chapters globally further amplify the association's mission through training and networking initiatives. Visit acams.org for more information.

Media Contact:
Lashvinder Kaur
lkaur@acams.org
+44 7388 264478


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ACAMS Middle East and North Africa (MENA) Conference Offers Roadmap for Meeting Emerging Anti-Financial Crime Compliance Risks in MENA http://www.saudimirror.com/acams-middle-east-and-north-africa-mena-conference-offers-roadmap-for-meeting-emerging-anti-financial-crime-compliance-risks-in-mena/ Fri, 05 Nov 2021 19:17:25 +0000 http://www.saudimirror.com/?p=214081 Abu Dhabi, UAE, Nov. 05, 2021 (GLOBE NEWSWIRE) — As part of its ongoing effort to foster greater dialogue between regulators and anti–financial crime (AFC) professionals operating in the Middle East and North Africa (MENA), ACAMS will host a unique, two–day event for its 12th Annual AML & Anti–Financial Crime Conference "" MENA. Beginning on November 7, attendees of this fully virtual conference will learn compliance strategies and industry best practices from high–level governmental officials and subject–matter experts, including representatives from the Middle East and North Africa Financial Action Task Force (MENAFATF), Saudi Arabia's Capital Market Authority, the United Arab Emirate's Ministry of Economy, the Central Bank of Bahrain, Banque du Liban, and many of the region's largest banks and FinTech firms, among others.

Speakers at the conference will offer practical guidance on AFC compliance topics as the growing money–laundering risks for designated non–financial businesses and professions (DNFBPs), the use of artificial intelligence and machine learning tools to detect emerging fraud typologies, risk mitigation policies and procedures for the virtual assets sector, the impact of China sanctions on trade finance and supply chains, and compliance strategies to minimize exposure to criminal activity in free trade zones and the maritime industry.

"Amid international calls for financial institutions to strengthen their AFC effectiveness and make new efforts to identify payments tied to cybercrime and other illicit activity, the challenges facing compliance professionals and regulatory agencies today have never been greater," said ACAMS President and Managing Director, Scott Liles. "That's why we've designed ACAMS MENA around the concept that fostering strong communication lines between financial institutions and governmental agencies is a crucial step in the fight against illicit finance."

"Attendees of this event will not only have the opportunity to glean insights on such developments as the rising role of FinTech firms in the compliance space and the recent launch of the UAE's new anti–money laundering office, but they'll also walk away with practical compliance advice on how to best safeguard their own institutions from new and long–standing financial–crime risks," said Liles.

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About ACAMS

ACAMS is a member of Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider headquartered in the United States. ACAMS is the largest international membership organization dedicated to enhancing the knowledge and skills of anti–money laundering (AML) and financial crime prevention professionals from a wide range of industries. Its CAMS certification is the most widely recognized AML certification among compliance professionals worldwide. Its new Certified Global Sanctions Specialist (CGSS) certification commenced in January 2020. Visit acams.org for more information.

About Adtalem Global Education

Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, partners with organizations in the healthcare and financial services industries to solve critical workforce talent needs by expanding access to education, certifications and upskilling programs at scale. With a dedicated focus on driving strong outcomes that increase workforce preparedness, Adtalem empowers a diverse learner population to achieve their goals and make inspiring contributions to the global community. Adtalem is the parent organization of ACAMS, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, Ross University School of Medicine, Ross University School of Veterinary Medicine and Walden University. Adtalem has more than 10,000 employees, a network of nearly 275,000 alumni and serves over 82,000 members across 200 countries and territories. Adtalem was named one of America's Most Responsible Companies 2021 by Newsweek and one of America's Best Employers for Diversity 2021 by Forbes. Follow Adtalem on Twitter (@adtalemglobal), LinkedIn or visit adtalem.com for more information.


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