Anti–Money Laundering conference scheduled in Cayman
The Association for Certified Anti–Money Laundering Specialists (ACAMS) is planning its internationally recognised CAMS certification examination and preparation seminar to be held in the Cayman Islands that will be offered in autumn in conjunction with the Global Compliance Solutions 3rd Annual Anti–Money Laundering & Compliance Conference.
According to a press release, anti-money laundering professionals representing banking institutions, law enforcement and government sectors of the Caribbean will be able to to prepare for the examination and to take it on October 6-7, 2007. When passing the examination, they will get the CAMS designation which is the premier certification globally recognised in the anti-money laundering field.
Karen O’Brien, spokesperson for the Global Compliance Solutions 3rd Annual Anti-Money Laundering & Compliance Conference, expressed her excitement regarding the partnership with ACAMS this year. According to her, the CAMS Preparation Seminar and Examination is a natural extension to the annual Anti-Money Laundering conference. She also said that competent and certified anti-money laundering specialist are in demand in Cayman and throughout the region.
ACAMS has awarded 3 000 professionals the CAMS designation. It also should be noted that in a 2006 report by the US Government Accountability Office, the CAMS procedure was indicated as part of the recommended training process for anti-money laundering regulators from the Office of the Comptroller of the Currency and from the Federal Deposit Insurance Corporation.