BALI, Indonesia, April 2, 2012 /PRNewswire-Asia/ -- The world's leading anti-money laundering association, ACAMS, hosted Asia Pacific's key AML leaders and experts during its Annual conference at the Nikko Bali in Indonesia. Over 200 delegates from both the government and private sectors gathered to discuss the most recent regulatory changes as well as solutions and strategies in addressing the region's toughest financial crime prevention challenges.
"This year we received invaluable support from Bank Indonesia, FKDKP, and PERBANAS, a clear reflection of the Indonesian government's continued commitment to the importance of practical ALM education and training," said Hue Dang, CAMS, ACAMS Head of Asia.
"Both Director, Directorate of Banking Research and Regulation, Dr. Wimboh Santoso of Bank Indonesia, and Head of PPATK Muhammad Yusuf opened with keynote addresses reiterating the importance of global cooperation in the fight against financial crimes, and in-line with a changing regulatory environment throughout the region, we decided to kick off the 2012 conference with the Critical Update on Asia Pacific AML Regulatory Changes session,a comprehensive discussion where expert panelists from Thailand, Indonesia, and Hong Kong covered topics such as Hong Kong and Indonesia's new AML laws, and the new revised FATF recommendations," continued Dang.
Other notable conference highlights include the Identifying Emerging Financial Crime Schemes to Mitigate Risk session which touched on the region's most prolific challenges in human trafficking and smuggling as well as the threat posed by cybercrimes and electronic mule operations, and the Optimizing Internal Controls to Combat New Tax Evasion Methods session which offered attendees a deep dive into the Foreign Account Tax Compliance Act (FATCA).
"2012 has been earmarked as the year for regulatory change in the Asia Pacific region and as the leading anti-money laundering certification authority, our goal is to continue to offer our attendees with in-depth training and information that is practical and immediately applicable to their everyday financial crime prevention efforts," concluded Dang.
About ACAMS
Founded in 2001, the Association of Certified Anti-Money Laundering Specialists® (ACAMS®) is an international membership and certification organization dedicated to enhancing the knowledge and skills of anti-money laundering professionals around the globe. Representing 12,000 members from the private and public sectors in more than 160 countries, ACAMS is proud to be the worldwide leader in AML/CTF training, education and networking. Visit www.ACAMS.org for more information.
