The European Bank for Reconstruction and Development (EBRD) and the Association of Certified Anti-Money Laundering Specialists, or ACAMS, have have launched the ACAMS Eurasia Chapter to support compliance professionals in eastern Europe, the Caucasus and Central Asia in coping with anti-financial crime (AFC) compliance hurdles and costs.
The chapter will serve as a platform for partners from several countries, including Armenia, Azerbaijan, Georgia, Moldova and Ukraine, for networking, collaborative initiatives, training and the sharing of knowledge and best practices to address regional risks and regulatory concerns.
The new initiative builds on an agreement between the two institutions to train bankers at EBRD partner financial institutions on compliance strategies to combat money laundering, terrorism financing, sanctions evasion, fraud and other financial crimes.
To date, 70 compliance professionals in Ukraine, Georgia and Moldova have received scholarships to obtain Certified Anti-Money Laundering Specialist (CAMS) certification, the global benchmark for excellence in financial crime prevention. The EBRD scholarships were funded by the EU.
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