SightSpan/ACAMS Team Up for AML/CTF Training – Saudi Arabia

Jan. 5, 2009 - PRLog -- SightSpan, Inc. collaborated with the Association of Certified Anti-Money Laundering Specialists (ACAMS) to deliver International Anti- Money Laundering (AML) and Combating Terrorist Financing (CTF) training class in Riyadh, Saudi Arabia.
 
SightSpan senior consultants, Junaid Ward and Thomas Nollner, accompanied by SightSpan CEO, John Walsh, conducted the sessions in Riyadh, Saudi Arabia in December 2008. Ward and Nollner delivered the CAMS examination preparatory class to 22 members of the Capital Markets Authority (CMA) of Saudi Arabia. The delegates included senior managers and compliance officers of the CMA.

In addition to addressing the key components of the CAMS examination, the training was expanded to include content specific to detecting possible money laundering and terrorist financing activity in the securities industry, with specific reference to the AML guidelines that are followed in the Middle East/North Africa (MENA) region. SightSpan also covered MENA FATF recommendations, in which they are well versed.

Feedback from the CMA attendees was positive and the group was extremely engaged in both the content of the course and their personal passion in establishing preventive measures to protect the KSA Marketplace and the international community, related to both AML and CTF risk management.

SightSpan is a management consulting firm, specializing in business process improvement, corporate governance and risk and compliance programs globally. SightSpan has offices located in the United States, Middle East and Southeast Asia.

The Association of Certified Anti-Money Laundering Specialists (ACAMS) is a membership based organization that serves as a platform for career development and professional networking for individuals in a wide range of industries, including the rapidly expanding anti-money laundering (AML) field.

The CMA is a government organization with financial, legal and administrative independence. It reports directly to the Prime Minister. The CMA functions are to regulate and develop the Saudi Arabian Capital Market. It issues the required rules and regulations for the implementation of the provisions of Capital Market Law aimed at creating an appropriate investment environment.

For additional information about SightSpan, ACAMS and CMA, please visit the respective websites: www.sightspan.com, www.acams.org, and www.cma.org.sa

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SightSpan is a management consulting firm, specializing in business process improvement, corporate governance and risk and compliance programs globally. SightSpan has offices located in the United States, MENA Region and Southeast Asia.