The Cybersecurity Article to Read Now

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

PEP Family Members


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?


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

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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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