Dear Mr. Je-Yoon Shin:
On behalf of the Association of Certified Anti-Money Laundering Specialists (ACAMS), please accept our sincere congratulations on your recent appointment as the incoming president of the Financial Action Task Force (FATF).
ACAMS is the largest international membership organization dedicated to enhancing the knowledge, skills and expertise of anti-money laundering/counter-terrorist financing (AML/CTF) and financial crime detection and prevention professionals. The association—now over 30,000 worldwide and in 160 countries—includes representatives from financial institutions, regulatory bodies, law enforcement agencies and industry sectors. For more information on ACAMS, see http://www.acams.org/.
Mr. President, our members have especially expressed strong support for your objective of “[c]loser engagement with the private sector and civil society.” ACAMS also shares your point that:
“Private institutions such as banks, security firms and insurance companies are in the frontline of AML/CFT compliance and it is important that there is constant dialogue and feedback between the FATF and the private sector.”
We look at your appointment as a great opportunity to promote continued meaningful dialogue surrounding many of the issues our members are facing in their daily roles as AML/CTF professionals.
Once again, we would like to offer our best wishes for success in your new role and offer to assist you in any manner that can further FATF’s goals.