Money laundering is the process that optically transforms illegally acquired money into money with a legal appearance. This money may then be used to fund criminal or legal business activities. The consequences of money laundering are that legal economic activities are replaced by illegal economic activities. As such, money laundering is a severe threat to our economy. To prevent money laundering from becoming a significant part of our economy, it must be combated. Rather than completely eliminating money laundering, which is virtually impossible just like any other criminal activity, preventing that it gains control over society must be strived for. Hence, combating money laundering is the responsibility of society as a whole, including governments, standard setting bodies, financial market authorities, and the corporate world. A quintessential role must be played by financial institutions in that they have to develop anti-money laundering (AML) programs and invest in dedicated human resources and supportive information and communication technology (IT). Only employees who are aware of the importance of anti-money laundering and who have specialist knowledge in this area will be able to successfully combat money laundering.

We offer the Masterclass Anti-Money Laundering, which is aimed at enhancing awareness and developing expertise in the area of anti-money laundering.

Currently, there exists one internationally recognized dedicated Anti-Money Laundering educational program, the Certified Anti-Money Laundering Specialist (CAMS) program as offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS). ACAMS is based in the United States and has around 9,000 members all over the world. The CAMS program takes one day of education and half a day of examination. This implies that participants must already have a strong basis in various AML-related issues.