Author: soc

SocAMLProOverview

Money launderers operate without regard to borders of any kind. They do not care what country they operate in, nor what kind of business they use as a vehicle. Yet, the focus of governments is on the financial sector and, in some cases, on only a narrow part of that sector. The result is that …

The Society of Anti Money Laundering Professionals: launch of Accredited Training Course Provider scheme

The Society of Anti Money Laundering Professionals has today announced the launch of its Accredited Training Course Provider scheme. The scheme will ensure both consistent training standards and professional organisation of training events for which Continuous Professional Education is granted. The Society has a number of criteria for events which award CPE hours including : …

Fellow grade: Grandfathering-in deadline extended

The Society of Anti Money Laundering Professionals has announced that the deadline for grandfathering-in Fellows of the Society is to be extended. The original expiry date was set for 30 April 2010 and announced with short notice. We understand that applicants needed longer than the original period to prepare their applications. As a result, the …

Advanced Financial Crime Risk Management and Compliance

The Financial Crime Forum will host Financial Crime: Risk Management and Compliance.Residential Retreat. CPD30 hours (full year’s requirement). Krabi, Thailand 22-26 November 2010 Members discount USD500 per member. Details: Summary: The Financial Crime Forum, part of The Anti Money Laundering Network, announces its annual retreat for senior compliance, risk management and other professionals in the …

Next Training : FCF Summer 2011 Series – Dealing with PEPs

Dealing with Politically Exposed PersonsA one day course for Money Laundering Risk Officers Recent political upheaval has raised the issue of dealing with deposed or resigned long-term leaders. What are the responsibilities of financial institutions with regard to those persons after they leave power? And how does the position differ depending on whether they are …

How Casinos do Anti-Money Laundering

Money launderers amass dirty money through illegitimate means and convert it into clean money by buying assets, such as real estate, cars etc. Casinos have always been an easy target for money launderers because of the nature of their services and products. Gambling provides a money launderer the luxury of anonymity, choice of cash transactions, …

Anti-Money laundering Strategies in regards to Sports Betting

Sports’ betting involves placing wagers on the outcome of matches. If the predictions prove to be accurate, people who have placed these bets get rewards, in accordance with a preset odds formula. The primary intent behind money laundering is to use the profits obtained from illegal means in legitimate businesses, to mask the trail of …

New membership class

Hong Kong and Kuala Lumpur: 8 March 2010. The Society of Anti Money Laundering Professionals has launched a new class of membership. For this class, there is no annual membership fee for 2010. The Society of Anti Money Laundering Professionals has introduced a new grade of membership for those who do not qualify as Associate …

Launch of Accredited Training Course Provider scheme

Hong Kong and London: 8 March 2010 The Society of Anti Money Laundering Professionals has today announced the launch of its Accredited Training Course Provider scheme. The scheme will ensure both consistent training standards and professional organisation of training events for which Continuous Professional Education is granted. The Society has a number of criteria for …