Here is an article that is useful for readers both professionally and personally and is fitting for Cybersecurity Awareness Month. The best way to prevent cybercrime is by improving knowledge and awareness, and that can done right now. Cybersecurity Awareness will help at home, where hands-on experience can be gained by applying cybersecurity principles to protect family—including children and seniors.
In Focus
The Cybersecurity Article to Read Now
Cybersecurity Awareness will help at home, where hands-on experience can be gained by applying cybersecurity principles to protect family—including children and seniors.
PEP Family Members
Question:
Can anyone please clarify the exact persons or family members covered under a politically exposed person (PEP)? For example, if a stepfather/mother is a PEP, should their son/daughter also be considered a PEP?
Response:
The following is the extract of Fourth AML Directive:
Family members' include the following:
(a) The spouse, or a person considered to be equivalent to a spouse, of a politically exposed person;
(b) The children and their spouses, or persons considered to be equivalent to a spouse, of a politically exposed person;
(c) The parents of a politically exposed person;
(11) 'Persons known to be close associates' means:
(a) Natural persons who are known to have joint beneficial ownership of legal entities or legal arrangements, or any other close business relations, with a politically exposed person;
(b) Natural persons who have sole beneficial ownership of a legal entity or legal arrangement, which is known to have been set up for the de facto benefit of a politically exposed person.
Moazzam Tariq, CAMS
*The question and answers found in this document are excerpts taken from the ACAMS Study 6th Edition – Group – Starting from 18 June 2017 Forum. Visit ACAMS forums to read more posts.
Chapter Happenings
ACAMS' Chapter Development Program aims to focus the association's international efforts in anti-money laundering education and training at a regional level. Chapters provide local forums to facilitate discussion, offer education targeting area-specific issues and foster professional networking among ACAMS members.
For more information on ACAMS Chapters please visit the chapters section on www.ACAMS.org or contact our Chapter Relations team at Chapters@acams.org.
ACAMS Greater St. Louis Chapter Learning Event
November 1, 2018
St. Louis, MO, United States
Panel Discussion on Terrorist Financing and Financial Crime Prevention
October 25, 2018
Washington, D.C, United States
Keeping Sanctions Management Current and Robust
October 25, 2018
Houston, TX, United States
Occupational BSA and Fraud Detection
October 25, 2018
Troy, MI, United States
Changing Sanctions Landscape and Law Enforcement’s Perspective
October 25, 2018
San Francisco, CA, United States
Celebration of National BSA/AML Professionals Day Along With the Central Texas ACAMS Q4 Learning Event
October 25, 2018
Austin, TX, United States
Mitigating Customer Risk
October 26, 2018
Salt Lake City, UT, United States
Two steps forward, one-step back? Recent Developments on Beneficial Ownership in Canada
October 26, 2018
Vancouver, BC, Canada
ACAMS in the 6ix Networking Event
October 30, 2018
Toronto, ON, Canada
When the Smoke Clears: Challenges with Banking Marijuana-Related Businesses
October 30, 2018
New York, NY, United States
Connecting the Dots—Mapping AML Risk to Your Transaction Monitoring Program
October 30, 2018
Tampa, FL, United States
Atlanta ACAMS Lunch and Learn
November 1, 2018
Atlanta, GA, United States
Managing the BSA Exam and Audit Process
November 1, 2018
New Brunswick, NJ, United States
Symposium on AML Issues Regarding Cryptocurrency
November 1, 2018
Cleveland, OH, United States
Second Annual Financial Crimes Forum
November 7, 2018
Ramona, CA, United States
Applying Cognitive Computing and Blockchain to Financial Services Challenges
November 8, 2018
Nashville, TN, United States
Law Enforcement Case Studies from Two Perspectives
November 8, 2018
Washington, D.C., United States
Panel Discussion on OFAC Sanctions
November 8, 2018
Cleveland, OH, United States
ACAMS Nordics Chapter at the Oslo Fraud Awareness Week 2018 in Collaboration With Advokatfirmaet Erling Grimstad: Financial Crime Methodologies and Preventive Measures
November 13, 2018
Oslo, Norway
Current Events and Hot Topics in Sanctions Date of Event
November 14, 2018
New York, NY, United States
Financial Crime Compliance Forum Stockholm 2018—Addressing the Global Sanctions Landscape
November 20, 2018
Stockholm, Sweden
Anti-Financial Crime Partnerships
23 November 2018
Rīga, Latvia
ACAMS New York Chapter Holiday
December 4, 2018
New York, NY, United States
Law Enforcement Panel and Holiday Dinner/Networking Reception
December 6, 2018
Pasadena, CA, United States
ACAMS Connecticut Chapter Holiday Comedy and Networking Event
December 13, 2018
Westport, CT, United States
ACAMS Connecticut Chapter Fifth Annual All-Day Learning Event
February 1, 2019
Uncasville, CT, United States
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John J. Byrne's Blog: No Lookin Back*
AML, just like technology, started slowly but in the past 5-10 years has either rapidly increased or challenges have appeared that we need to address.
