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FELABAN and ACAMS Partner to Strengthen Anti-Financial Crime Compliance in Latin America

FELABAN and ACAMS Partner to Strengthen Anti-Financial Crime Compliance in Latin America
Latin America’s leading banking federation will offer ACAMS certifications in anti-money laundering, Know Your Customer, and transaction monitoring compliance

As part of their efforts to safeguard the integrity of the financial sector, the Latin American Federation of Banks and ACAMS are joining forces to train anti-financial crime (AFC) professionals throughout Latin America on compliance best practices and emerging risks related to money laundering and other forms of illicit finance. The initiative will offer globally recognized ACAMS training certifications to compliance practitioners across 18 Latin American countries and more than 600 of FELABAN’s member institutions in the region’s banking and payments sectors.

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Under the terms of the partnership agreement, anti-financial crime (AFC) professionals in the Latin American banking and financial sectors will be able to pursue three ACAMS credentials: the Certified Anti-Money Laundering Specialist (CAMS) certification, Certified Know Your Customer Associate (CKYCA) certification, and Certified Transaction Monitoring Associate (CTMA) certification at a special FELABAN rate. The CAMS credential is widely viewed as the global gold standard for anti-money laundering (AML) compliance training.

As the leading voice for Latin American banks, FELABAN provides high-level educational and advocacy services for 18 banking associations, more than 600 financial institutions, and other organizations and correspondent members. ACAMS, the world’s largest membership organization for AFC professionals, offers training opportunities and platforms for collaboration to over 90,000 members in over 180 jurisdictions.

“The promotion of strong anti-money laundering and counterterrorist financing (CTF) programs has been a fundamental part of our management agenda and is the reason we have prioritized capacity building and the sharing of global best practices,” said Giorgio Trettenero Castro, Secretary General of the Latin American Federation of Banks (FELABAN). “We have also focused on developing and executing AML/CTF strategies supported by the COPLAFT Committee, which consists of key compliance stakeholders across 18 Latin American countries.”

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“Our partnership with ACAMS ensures that our member institutions have access to the highest quality training available today on identifying and reporting suspicious financial flows and other compliance red flags,” Mr. Trettenero added. “We are very pleased with this alliance because both organizations are united in their support of those individuals responsible for carrying out the important work of AML/CTF compliance, which impacts all of society.”

“By combining FELABAN’s reach and influence in the banking sector with the insights and expertise that ACAMS training provides to AFC professionals of all stripes and experience levels, this partnership is helping to protect banks and ensure the safety and soundness of the financial sector,” said ACAMS CEO Scott Liles. “Additionally, strong compliance controls have become a requirement for access to foreign financing and correspondent banking relationships.”

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