High-level compliance experts from the public and private sectors to outline guidance on correspondent banking, FinTech-related fraud, virtual currencies, sanctions, and more
Chicago, Dec. 06, 2021 (GLOBE NEWSWIRE) -- As part of its ongoing efforts to help compliance professionals contend with rising regulatory challenges, ACAMS will host a two-day training and networking event for its 3rd Annual AML & Financial Crime Conference – Caribbean. Beginning on December 7, attendees of this fully virtual conference will glean guidance on anti-financial crime (AFC) compliance from representatives of the region’s top supervisory bodies, banks, money services businesses, and wealth management firms, including subject-matter experts from the Caribbean Financial Action Task Force, Anti-Money Laundering Steering Group of the Cayman Islands, Central Bank of the Bahamas, Bank of Jamaica, Financial Services Commission Barbados, Scotiabank, UBS Wealth, Western Union, and First Caribbean International Bank.
In addition to answering questions submitted by audience members, the conference’s speakers will outline AFC challenges and best practices related to the Financial Action Task Force’s grey list, recent trends in correspondent banking, risk management strategies for beneficial owners and politically exposed persons, cyber hygiene policies to identify suspected illicit payments, audit practices for trade-based money laundering and sanctions compliance, and fraud vulnerabilities of payment apps and other FinTech products.
“With FATF monitoring multiple Caribbean nations and financial institutions contending with emerging cyber- and fraud threats that have worsened as a result of the COVID-19 pandemic, the role of AFC professionals in the region has never been more challenging,” said ACAMS President and Managing Director Scott Liles.
“Whether you’re anticipating the financial-crime risks of Central Bank Digital Currencies, assessing the long-term impact of the pandemic on AFC programs, or upgrading your compliance training to meeting rising supervisory expectations, the subject-matter experts at this conference can offer you practical advice on how to best shield your institutions from criminal activity,” Liles said.
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.
CONTACT: Lashvinder Kaur Association of Certified Anti-Money Laundering Specialists +44 7388264478 LKaur@acams.org