ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training
CAMS Scholarship recipients will train on strategies to identify, trace, and report criminal activity threatening financial institutions across the globe
WASHINGTON, March 14, 2023 (GLOBE NEWSWIRE) -- As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking to become Certified Anti-Money Laundering Specialists (CAMS). Under the initiative, ACAMS will award the CAMS Scholarship to 10 Korean compliance practitioners in the anti-financial crime (AFC) space, granting them a one-year membership to the association and a full waiver of all fees for the CAMS exam package.
As part of the program, scholarship winners will train on a broad array of skills and strategies to detect, track, and report illicit financial activity, including global best practices on the effective implementation of anti-money laundering (AML) and counterterrorism financing (CTF) policies and procedures, risk-mitigation controls, and suspicious transaction reporting. Widely recognized as the global standard for AML/CTF credentials, the CAMS program helps to shield financial institutions around the world from criminal exploitation, regulatory fines, and reputational harm.
“This scholarship is a reflection not only of our mission to fight illicit finance around the globe, but also of our commitment to the talented professionals in Korea’s dynamic anti-financial crime sector,” said ACAMS CEO Scott Liles. “As South Korea’s financial markets continues to grow, it’s critical that compliance professionals are prepared to meet evolving regulatory expectations and face emerging criminal threats.”
“For compliance practitioners, CAMS is pathway to becoming part a global community of dedicated men and women around the world who are applying their knowledge and skills to protect the private sector and save lives,” said ACAMS Advisory Board Member Jean Chung who is also Managing Director, Asia Head over Conduct, Financial Crime and Compliance Advisory for Corporate, Commercial and Institutional Banking at Standard Chartered Bank. “This is a credential that will open doors for professional development throughout a recipient’s career.”
The initiative is the third of its kind for ACAMS following the launch in 2021 of the CAFCA Scholarship and CCAS Scholarship in 2022. The CCAS Scholarship attracted entries from AFC professionals from over 100 countries around the world.
Applicants can apply for the CAMS Scholarship through 11:59 pm GMT April 28, 2023. Winners will be announced in June.
Find out more about the scholarship’s criteria and application process here:
ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally. With over 100,000 members across 180 jurisdictions, ACAMS is committed to the mission of ending financial crime through the provision of anti-money laundering/counterterrorism-financing and sanctions knowledge-sharing, thought leadership, risk-mitigation services, ESG initiatives, and platforms for public-private dialogue. The association’s CAMS certification is the gold-standard qualification for AFC professionals, while its CGSS and CCAS certifications are for sanctions professionals and AFC practitioners working in the crypto space, respectively. ACAMS’ 60+ Chapters globally further amplify the association’s mission through training and networking initiatives. Visit acams.org for more information.
+44 7388 264478
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Oxurion Publishes 2022 Annual Report31.3.2023 20:42:16 CEST | Press release
Regulated Information Leuven, BELGIUM,Boston, MA, US–March 31, 2023– 07.00 PM CET – Oxurion NV (Euronext Brussels: OXUR) a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, published its annual report for the financial year 2022. The annual report for the year ending December 31, 2022 is available in the “Investors” section of the Company’s website, and can also be downloaded as a PDF. About Oxurion Oxurion (Euronext Brussels: OXUR) is a biopharmaceutical company developing next generation standard of care ophthalmic therapies, which are designed to improve and better preserve vision in patients with retinal disorders including diabetic macular edema (DME), the leading cause of vision loss in working-age people, as well as other conditions. Oxurion intends to play an important role in the treatment of retinal disorders, including the successful development of THR-149, its novel therapeut
Iceland Seafood International hf completes auction of bills31.3.2023 20:33:29 CEST | Press release
Iceland Seafood International hf. has concluded an offering of 3-month bills in the new series ICESEA 23 0705. Total offers for bills in the auction amounted to ISK 1.500 million which were all accepted, at a simple rate of 11.00%. The bills are scheduled to be admitted to trading on Nasdaq Iceland in the coming weeks.
Nokia Corporation: Repurchase of own shares on 31.03.202331.3.2023 20:00:00 CEST | Press release
Nokia Corporation Stock Exchange Release 31 March 2023 at 21:00 EEST Nokia Corporation: Repurchase of own shares on 31.03.2023 Espoo, Finland – On 31 March 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL221,1864.49CEUX21,0654.50AQEU12,3894.49TQEX7,3604.50Total262,0004.49 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023 a
Fly Play hf.: Amendments to share option plan31.3.2023 20:00:00 CEST | Press release
Amendments to share option plan As detailed in the Company Description in relation to the listing of shares in Fly Play hf. on Nasdaq First North Iceland, dated June 2021, the Company had, in accordance with the remuneration then in force, implemented a share-based incentive program in the form of option rights whereby the Company granted several members of the management team and other key employees options to purchase shares in the Company as part of their remuneration. Having regard for the purposes of the share-based incentive program referred to above, the Board of Directors has decided to extend the exercise period in relation to share options to purchase a total of 16.666.669 shares in the Company, at a purchase price of ISK 8 per share. For a period of 12 months, these options are therefore exercisable until April 2024, at which point the options expire. The options may be exercised at any time during the exercise period.
SBM Offshore completes US$1.63 billion financing of Almirante Tamandaré31.3.2023 19:25:15 CEST | Press release
March 31, 2023 SBM Offshore is pleased to announce it has signed the project financing of FPSO Almirante Tamandaré for a total of US$1.63 billion. The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA). The financing is composed of five separate facilities with a ca. 6.3% weighted average cost of debt and a 14-year post-completion maturity for both the ECA covered facilities and the uncovered facility. The FPSO’s design incorporates SBM Offshore’s industry leading Fast4Ward® new build, multi-purpose hull. It will be the largest oil producing unit in Brazil with a processing capacity of 225,000 barrels of oil and 12 million m3 of gas per day. The FPSO will have an estimated greenhouse gas (GHG) emission intensity below 10 kgCO2e/boe1 and will benefit from emission reduction technologies such as the closed flare technology which increases gas utilization, preventing it from being burnt into the at