The Association of Certified Anti-Money Laundering Specialists will offer its internationally recognised CAMS Certification examination and preparation seminar in Bermuda two days before the Association of Bermuda Compliance Officers (ABCO) Bermuda Compliance Summit II on September 28-29 at the Fairmont Southampton hotel.

Anti-money laundering professionals representing banking institutions, law enforcement and government sectors of the Caribbean will be able to prepare for the examination and to take it on September 26-27. Upon passing the examination, they will be awarded the CAMS designation which is the premier certification globally recognised in the anti-money laundering field.

"The CAMS exam preparation seminar provides not only specific guidance related to the exam but also gives detailed coverage of core AML/CCTF fundamentals like money laundering and terrorist financing risks, methods and red flags and also how to develop internal AML programmes," said Gregory Calpakis, executive director of ACAMS. "We feel the examination and prep seminar is a natural extension to the conference as competent and certified AML specialists are in high demand in the Caribbean. We are pleased to form this partnership."

ACAMS is a 10,000-member international organisation with a strong presence in the Caribbean.

It has awarded more than 6,000 professionals the CAMS designation. It also should be noted that in a report by the US Government Accountability Office, the CAMS procedure was indicated as part of the recommended training process for anti-money laundering regulators from the Office of the Comptroller of the Currency and from the Federal Deposit Insurance Corporation.