Developing a World-Class AML/CTF Program
Thank you to all those who attended the 2nd Annual ACAMS Anti-Money Laundering & Counter-Terrorism Financing Conference, Asia Pacific.
To register for the 3rd Annual ACAMS Anti-Money Laundering & Counter-Terrorism Financing Conference, Asia Pacific, please call + 852 3750 7645/7695 or email hdang@acams.org.
We look forward to seeing you in 2011!
2010 Conference Summary
In today’s difficult global economy, financial institutions all over the world face unprecedented pressure to increase the effectiveness of their anti-money laundering and counter-terrorism financing programs. Nowhere is this more apparent than in the Asia Pacific region. The 2nd Annual ACAMS AML/CTF Conference, Asia Pacific hosted by the Association of Certified Anti-Money Laundering Specialists (ACAMS) in partnership with Fudan University’s China Center for AML Studies, took place April 26-28 in Shanghai, People’s Republic of China.
More than 200 attendees from around the globe participated in two days of in-depth case studies and interactive general sessions. Event organizers confirmed that attendance increased this year despite the instability of the world economy.
Conference highlights included presentations from more than 25 expert practitioners from around the world. Mr. Ling Tao, deputy director for People’s Bank of China, Shanghai Headquarters, welcomed the audience and commented that Shanghai, being the epicenter of financial activities in Mainland China is the appropriate city to hold the 2nd Annual ACAMS AML/CTF Conference to promote AML/CTF knowledge in China. Professor Tang Zhuchang, acting director of the China Center for AML Studies at Fudan University, spoke of the key partnership between ACAMS and the University who work “hand in hand to progress and reach remarkable achievements in cultivating certified and qualified specialists in the AML/CTF field in mainland China.”
Another topic of importance to AML professionals throughout Asia Pacific is the challenges of risk assessment and the value of adopting metrics to identify financial crimes was a main focus of conference sessions. Aub Chapman of Chapman Consulting Services, Australia, and Richard A. Small of American Express, United States, led a full-capacity workshop on implementing an effective AML risk management scoring methodology. “The focus and emphasis of providing practical tools and techniques on AML/CTF to government and industry practitioners forms the cornerstone of ACAMS’ approach to fostering the AML/CTF community in Asia,” said Hue Dang, CAMS, ACAMS regional head and director, Asia Pacific.
“Despite our cultural differences around the globe, AML challenges face us all,” said John Byrne, CAMS, ACAMS executive vice president. “ACAMS is firmly committed to the advancement of AML in the Asia Pacific region, and planning for next year’s conference is already underway with details coming soon.”
