Welcome! The ACAMS South Africa Chapter was launched in November 2010 and over the past four years has held a number of membership events focusing on a range of anti-money laundering, counter financing of terrorism and economic financial sanctions topical issues. Our membership consists of approximately 140 professionals within the public and private sectors who represent both the financial services and designated non-financial service industries. The past and current Board members have been made up of persons representing banking, consulting, casino, regulatory and money services and we hope to expand the Board to be fully representative of other impacted areas and industries.

The mission of the ACAMS South Africa Chapter is to support the International ACAMS Mission, advance the knowledge of local AML/CFT specialists, and provide a vehicle through which members can network, and improve their level of understanding in this rapidly changing industry.

The recently elected Board has embarked on a more consultative approach with its members and will be working closely with ACAMS USA on its ongoing activities. We have set ourselves an ambitious target to increase the number of networking and learnership events for our members with 2015 holding much promise and excitement. The Board strongly supports a drive to have as many of our members qualify as Certified Anti-Money Laundering Specialists – a globally recognised designation. In order to qualify to take the examination and for purposes of recertification, members are required to earn a minimum number of CAMS points. These points can be accrued by attending Chapter events. We look forward to welcoming you at our learnership and networking events in 2015.

ACAMS South Africa Chapter 2015 Newsletter #1

Upcoming South Africa Chapter learning events will be announced soon.

Sanctions

Presentations


Customer Due Diligence and the Impact of Tax Regulations


Illegal Online Gambling – How does it affect your Accountable Institution?

Presentations


2014 ACAMS SA Chapter Learnership Event #2


Money Laundering Analysis and investigations


Perspectives on the Risk Based Approach (RBA)

Themba Ngobese

Advocate Themba Ngobese
Chief Executive Officer CASA (Casino Association of South Africa)
Co-Chair

Prior to joining CASA, he was the Group Compliance & Legal Services Executive at Peermont Hotels Casinos & Resorts.

He was responsible for ensuring compliance of the Group with gambling legislation as well as other applicable legislation. He was also responsible for the provision of legal services to Group operations including the drafting and vetting of operational agreements, rendering of legal advice and liaison with external legal advisors.

Prior to joining Peermont, he held senior positions at the Gauteng Gambling Regulatory Authority in the Gauteng Province and the National Gambling Regulatory Authority of South Africa, respectively.

He has over 17 years of experience in the gambling industry which he gained both as a gambling regulator and casino operator.

He holds a B. Proc and Bachelor of Laws degrees; both from the University of the Witwatersrand as well as a Certificate in Legal Practice from the University of South Africa.

He also serves on the Board of the internationally acclaimed National Responsible Gambling Programme.

Email: tngobese@casasa.org.za


Roy Melnick

Roy Melnick
Associate Director: Forensic Services – Anti-Money Laundering Services PWC South Africa
Co-Chair

Roy is an Associate Director in the Forensic Services competency at PwC – South Africa and leads its work in support of Anti-Money Laundering (AML), Terrorist Financing and Sanctions risk management services. Roy has over 18 years’ experience in combating white collared crime and 14 years’ experience in managing financial crime, money laundering and sanctions risk within financial institutions.

Roy was previously part of the senior management of a large financial services group, responsible for implementing systems and controls to mitigate financial crime, money laundering and sanctions risk across banking, insurance and asset management divisions and African subsidiaries.

Roy has set Group strategy, written and implemented Group policies, set standards relating inter alia to customer due diligence, customer and transaction monitoring, having regard to jurisdictional regulatory requirements.

Roy has evaluated and assisted in the acquisition of automated tools and systems for the establishment of customer relationships, the identification of suspicious and unusual transactions and screening of customer information and payments against sanctions lists.

Roy is a Certified Anti-Money Laundering Specialist and Co-Chairs the South African Chapter of the Association of Certified Anti-Money Laundering Specialists. Roy has chaired the banking industry AML & CFT training committee.

Roy has assisted PwC’s clients amongst others to: formulate AML strategies, design and consolidate policies, implement money laundering & terrorist financing risk based controls, design and implement role based training, conduct independent reviews of AML/ CFT control measures, identify gaps and deficiencies in the AML/ CFT control environment, remedy issues arising from regulatory reviews.

Qualifications
Diploma Police Administration (focus on criminal law and financial crime investigations)
Certified Anti-Money Laundering Specialist (CAMS)

Email: roy.melnick@za.pwc.com


Christopher Malan

Christopher Malan
Financial Intelligence Centre
Membership Director

(BA, LLB, LLM, Post Grad. Dip. Tax, (UCT), Post Grad Dip, Econ. Principles. (London), CAMS), is Executive Manager and Head of the Compliance and Prevention Department at the Financial Intelligence Centre (Centre), currently with responsibility for monitoring the state of supervision by supervisory bodies and compliance amongst accountable and reporting institutions, and affected persons, in terms of the FIC Act, in South Africa.

In 2004, he transferred to the Centre from the National Treasury where he was the Chief Director of Financial Regulation, responsible for advising the then Minister of Finance, the Honourable Dr TA Manuel, on financial sector policy and the regulation of the South African financial system, including the promotion of financial sector legislation of the Ministry of Finance before Parliamentary Committees, where he appeared often.

Whilst at the Treasury, Christopher Malan was entrusted with consultation around the FIC Act 2001, consolidating the policy framework for the Centre, and the passage of the FIC Act through Parliament. Thereafter, he advised the Minister of Finance on the implementation and the establishment of the Centre.

Christopher Malan is a member of the E-Commerce Advisory Committee to the Minister of Finance, and formerly represented the Minister of Finance as a member of the Standing Committee for the Revision of the Banks Act, 1990 and the Policy Board for Financial Services and Regulation.

He also participated as the financial sector expert in the FATF Mutual Evaluation Assessment of Australia in 2005, and wrote the financial sector chapters of that report, which was fully adopted and implemented by the Australian Government as the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. He obtained his CAMS certification in 2013.

Email: christopher.malan@fic.gov.za


Lyndon Gysman

Lyndon Gysman
Head: Legal Advisory Services for the Standard Bank of South Africa
Co-Membership Director

Lyndon is the head of Legal Advisory Services for the Standard Bank of South Africa Ltd. He is an admitted attorney since 1998 and has been dealing with financial crime for the past 10 years. His current role includes providing legal advice and support to the Money Laundering Surveillance Unit within the bank, amongst others. He has participated in the SABRIC working group relating to AML.

His primary responsibility at the bank is to mitigate and manage financial, legal and reputational risks.

Lyndon was a senior state advocate for the Asset Forfeiture Unit in the Eastern Cape and worked with the "Scorpions" on financial crime projects. He also spent 2 years with the Directorate of Market Abuse investigating the contraventions of trading activity with securities, which occurred on the Johannesburg Stock Exchange (JSE).

He attended a Program on Securities Enforcement and Market Oversight in Washington DC at the Securities and Exchange Commission (SEC) in 2009.

Lyndon currently holds membership with:

  • Association of Certified Anti-Money Laundering Specialists (ACAMS);
  • South African Institute of Financial Markets (SAIFM);
  • Law Society of South Africa (LSSA); and the
  • Institute of Commercial Forensic Practitioners (ICFP).

Lyndon delivered a master’s dissertation on, "Dealing effectively with Political Corruption" to the University of Fort Hare, University of Port Elizabeth and Rhodes University in 2008. He has also been a speaker for Banking and Financial Institutions (Topic: "Scrutinizing the Impact of Collaboration") at the 6th Annual Intelligence Strategies & Crime Prevention for Law Enforcers Conference in March 2015.

Qualifications
B.Proc and a Post Graduate Certificate in AML Investigations and Reviews.

Email: lrgysman@yahoo.com


Sholane Lalla Sathu

Sholane Lalla-Sathu
Regulatory Compliance Consultant
Communications Director

Sholane with extensive experience in AML frameworks and project management brings operational and strategic skills to the Board. Sholane currently consults on regulatory compliance and lectures on banking legislation and compliance.

Sholane has written a number of AML policies and manuals for institutions in South Africa and The Channel Islands.

Sholane holds a Bcom Law and Bcom Honours Degree and is CAMS certified.

Email: sholane.lalla@yahoo.com


David Osei Bonsu

David Osei-Bonsu
Area Head of FCC Operations – South & Southern Africa for Standard Chartered
Communications Co-Director

David’s banking career spans from 1993, having worked as a professional banker with Standard Chartered Bank in Ghana and Dubai, and presently he is based in Johannesburg, South Africa. Other work experiences include Deloitte Haskins + Sells (now Deloitte and Touche) as an Accounts and Audit trainee.

Earlier in his career as the Business Money Laundering Prevention Officer (“BMLPO”), for Consumer Banking, UAE, David was responsible in overseeing that the Retail Banking Business of Standard Chartered Bank, UAE had a strong platform in handling and managing money laundering risk. David’s other attributes in risk management are in Investigations, Internal Control, Branch Operations, Group Internal Audit, Operational Risk, and Sanctions where he has significant expertise.

Presently, David is responsible for Financial Crime Compliance in the Southern Africa sub-region, overseeing teams in South Africa, Zimbabwe, Zambia, Botswana, Mauritius and Angola. David’s responsibilities include ensuring Group, Regional Management, Country CEOs and regulators are provided with assurance that end to end AML/Countering the Financing of Terrorism (CFT)/Sanctions/ABC risks are managed within Southern Africa in line with the Group’s global compliance frameworks for financial crime compliance.

Along with tertiary degrees in banking and risk management, David is a proud certified member of ACAMS.

Email: david.osei-bonsu@sc.com


Pieter Rossouw

Pieter Rossouw
National Manager AML Surveillance for Bidvest Bank
Programming Director

Matriculating in 1982 at Vryheid High School and obtaining my B Iuris degree in 1985 as well as my LLB in 1987 at the University of the Free State. In 2002 I obtained an LLM degree in Criminal Law from UNISA. To further my AML compliance career I obtained a post graduate Certificate in Money Laundering Control (cum laude) at UJ in 2011, and the CAMS certification in 2012. I also completed courses in Enterprise Risk management and Corporate Forensic Investigations.

After serving as public prosecutor from 1990 in KZN, both in district and regional courts, I joined the National Defence Force as a Military Law Officer in June 1991.

After a number of postings in various areas I was appointed the Officer-in-Charge of the Regional Military Law Office for Limpopo & Mpumalanga with the rank of Colonel in June 1999. In this capacity I accepted huge challenges such as the establishment of SANDF’s legal-services’ organisational structures for the Limpopo and Mpumalanga Provinces during 1999-2002 with a minimum of guidance. This proved me to be resourceful, able to take initiative, creative and highly responsible. My success as a manager depended on my analytical skills, attention to detail, sound insight in the rapidly changing circumstances in which I had to operate, and my ability to communicate effectively.

In January 2003 I resigned and entered private legal practice as advocate at the Pretoria Society of Advocates, specializing in criminal, delictual and labour matters. From Dec 2005 – Feb 2014 I served as legal adviser for a legal cost insurance company, where after I joined Bidvest Bank in March 2014 as Senior AML Specialist. In Aug 2014 I was promoted to National Manager AML Surveillance.

Having a passion for excellence, commitment, the law and the fight against financial crime and corruption, I have spent 25 years in a law and compliance related career directed at these objectives as a prosecutor, military law officer and advocate/legal advisor; with 7yrs in a management position.

Email: pgr3012@gmail.com


Patrick Cunningham

Patrick Cunningham
Managing Member for Cerberus Risk
Programming Co-Director

Patrick has been involved in risk management in its various forms for over 30 years.

He holds a degree in Law (SA), an associate degree in Risk Management (USA) and is a retired Fellow of The Society of Risk Managers (SA). He has undertaken the Senior Management programme at Stellenbosch University Business School as well as programmes in Criminal law at University of Kwazulu Natal.

From 1980 to 1984 he was employed as a junior risk manager with the Sentrachem Group in South Africa before moving to the Boumat Group of companies and spending 12 years as Group Risk Manager.

The organisation comprised of more than 60 companies throughout South Africa and Namibia employing more than 4000 people in the manufacturing, wholesale and retail trade with a close association to the building and construction industry.

In 1997, he joined the South African Breweries as Divisional Risk Management Consultant in SAB’s South African Beer Division, responsible for identifying exposures to risk in the areas of financial crime, theft, safety and health environments.

In 2000, he left SAB to start the South African Fraud Prevention Service on behalf of the major banks and retail credit providers in South Africa. In the following 11 year period, the Service systems prevented more than ZAR6 billion in Application Fraud, Identity Theft and associated Financial Crime.

In 2008 he presented a paper on identity crime in the Southern African context as the International Scientific and Professional Advisory Council of the United Nations Crime Prevention and Criminal Justice Programme in Courmayeur, Italy and which was later published in the official journal of ISPAC. He retired at the beginning of 2011 and took up a part time position as Executive Director for Africa, India and the Middle East for the ATM Industry Association (ATMIA), which position he still holds.

Email: pat@cerberusrisk.co.za


Guido Penzhorn

Guido Penzhorn
PricewaterhouseCoopers
Programming Sub-Committee

Guido’s is an admitted attorney. His qualifications include the following a Bachelors’ Degree in Law, a Masters’ Degree in International Trade Law, and is a Certified Anti-Money Laundering Specialist (CAMS).

Guido has experience in applying criminal law having completed his articles at Legal Aid South Africa. Guido has worked as an intern in forensic investigation specializing in the investigation of specific instances of social grant fraud. Guido joined PwC in October 2013 and focuses on Anti-Money Laundering and Counter Terrorist Financing risk.

Some of the Guido’s key experiences include the Interpretation of legislation, The International application of law, Research, Conducting of compliance adequacy reviews, applying legislative requirements to client operations and providing appropriate solutions, the mapping of business controls to regulatory provisions, Customer due diligence and FATCA readiness testing.

Email: guido.penzhorn@za.pwc.com


Sandi Ferreira Melnick

Sandi Ferreira Melnick
FCRMC
Acting Administrator

Sandi has over 21 years of experience in Event & Project Management and Administration working with organisations such as the Professional Golfers Association of South Africa, Warwick Sport and Media, Jays Incorporated, Annie Lawson Sports, Toadstool Town Children’s Party venue, Amadwala Lodge and Financial Crime Risk Management Consultants.

She joined ACAMS South Africa Chapter in 2010 forming part of the team that founded the chapter in the country. In 2012, she went on to form her own business assisting the Chapter on an ad hoc basis. In 2014, following the Annual General Meeting, Sandi re-established her working relations with the Chapter.

Email: sandi@fcrmc.co.za