The ACAMS United Kingdom Chapter was formally established on 14 March 2011. The objective of the chapter is to support ACAMS in its mission to advance the professional knowledge, skills and experience of those dedicated to the prevention and detection of money laundering.
In addition, the chapter will:
- Provide a United Kingdom perspective and input into regional and international standards for the detection and prevention of money laundering and terrorist financing
- Provide networking platforms through which AML/CTF professionals collaborate with their peers throughout the United Kingdom
- Deliver United Kingdom focused member events
Source of Wealth: Understanding Wealth and How to Verify Its Legitimacy
JUNE 24, 2020
On the 24th of June, the ACAMS UK Chapter had the pleasure of hosting a webinar discussing the complex and often sensitive topic Source of Wealth – Understanding wealth and how to verify its legitimacy. Both Ray Blake and Graham Barrow, from The Dark Money Files, joined the panel together with David Balson, Director of Intelligence at Ripjar.
If you missed this very interesting discussion please register to hear the recording here.
“Never lose sight of your common sense. Always retain a common sense approach and obviously abide by the rules. Understand your risk appetite and be prepared to explain SOW to a third party.” – Graham Barrow
“Don’t just look for information that is consistent and congruous with what you have been told by the client, look for things that may be incongruous and wider and keep looking.” – Ray Blake
“Always use the widest set of data possible” – David Balson