IPSA International, Inc., staff members become certified anti-money laundering specialists upon completion of the Association of Certified Anti-Money Laundering Specialist examination.
New York, NY, (PRWEB) September 23, 2004 - IPSA International, Inc., a leading high-end investigative consulting firm, announced today that Scott Moritz, Senior Managing Director for the Northeast region of IPSA International and Geoff Doyle, Director of Investigations for the Northeast region, are among a select group to pass the rigorous Association of Certified http://www.ipsaintl.com [Anti-Money Laundering] Specialists certification examination. Mr. Moritz and Mr. Doyle have now earned the right to use the prestigious designation, CAMS, after their name.
The CAMS credential is awarded based upon passage of an examination that provides an objective measure of an individuals broad-based knowledge on the challenging topic of international anti-money laundering. The certification program is administered by the Association of Certified Anti-Money Laundering Specialists, the preeminent international organization for Anti-Money Laundering (AML) professionals, with 1,700 members in more than 73 countries.
The passage of the USA Patriot Act, after the terrorist attacks of September 11, 2001, placed greater emphasis on Anti-Money Laundering issues. Stringent requirements were placed on institutions to increase their efforts at customer identification and verification in an effort to detect terrorist groups. This increased scrutiny of potential laundering, reinforces the importance of the need for certified professionals who protect institutions from potentially devastating laundering crimes.
The exam covers money laundering methods and the risks each poses to legitimate businesses; how to develop effective anti-money laundering defenses; methods of investigating laundering; and the international anti-laundering requirements that companies are expected to adhere to, such as the 40 Recommendations developed by the Paris-based Financial Action Task Force, the intergovernmental organization that leads the worldwide fight against laundering.
IPSA International, Inc., is a premier global provider of high-end investigative consulting services serving the corporate, financial and legal communities. IPSAs services include: due diligence, fraud investigations, asset tracing and recovery, intellectual property and anti-money laundering. IPSA is headquartered in the San Francisco Bay Area, with offices throughout the US, Canada and Mexico and maintains resources in over 75 countries worldwide.
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