For financial firms, the ACAMS summit offers a card to avoid

MIAMI, June 27, 2022 (GLOBE NEWSWIRE) — With new regulations pending and financial crime risks emerging on the horizon, compliance professionals have the opportunity to turn looming challenges into opportunities by attending the ACAMS AML Risk Management & Securities Summit June 29e At New York. For compliance practitioners in the banking, securities and wealth management industries, this one-day training and networking event will showcase best practices in combating financial crime (AFC) and senior sanctions experts, including representatives from the Federal Reserve Bank of New York, New York State Department of Financial Services (NYSDFS), Financial Industry Regulatory Authority (FINRA), Manhattan District Attorney’s Office and many of the area’s largest financial institutions, FinTech companies and law firms.

The summit will also include fireside chats with newly confirmed NYSDFS Superintendent Adrienne Harris and FINRA Vice President of Enforcement Investigations Terence Bohan and Senior Director and Chief Strategy Officer, Jamie Udinson.

Summit speakers will offer advice on how to mitigate a wide range of compliance risks, including implementing defenses against rapid cross-border transfers linked to organized cybercrime groups, integrating ESG protocols into risk management to identify human trafficking and environmental crimes; and drafting policies to reduce exposure to new trade and economic sanctions targeting Russia and other state actors.

“As America’s largest commercial center, New York occupies a special place in the global compliance industry with unique regulatory challenges for financial institutions that conduct business in U.S. dollars,” said ACAMS CEO Scott. Liles. “With the increase in financial crime and sanctions evasion schemes around the world, it is more important than ever for banks and securities firms to understand where their compliance risks lie and how to best mitigate them. .”

“That’s why we encourage attendees to come prepared with questions and ask speakers to offer practical advice that can be implemented to protect institutions from regulatory sanctions and reputational damage,” he said. -he declares. “Whether you’re interested in the impact of FINRA’s new review report, looking to train staff to investigate complex offshore transfers, or trying to protect your institution from stock market manipulation schemes, you will emerge from the summit more informed and more ready to face the risks ahead.

The full summit program is available here.

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About ACAMS®

ACAMS is the largest international membership organization dedicated to providing financial crime prevention (AFC) education, best practices and peer-to-peer networking opportunities for AFC professionals worldwide. With over 90,000 members in 180 jurisdictions, ACAMS is committed to ending financial crime by providing knowledge sharing services on anti-money laundering/counter-terrorism financing and sanctions, thought leadership, risk mitigation services, ESG initiatives and platforms for public-private dialogue. The association’s CAMS certification is the benchmark qualification for AFC professionals, while the CGSS certification is its premier specialist qualification for sanctions professionals. ACAMS’s 60 chapters around the world further amplify the association’s mission through educational and networking initiatives. Visit acams.org for more information.


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