The CAMS Scholarship

“I’m grateful to be part of all the recipients' journeys towards realizing their dreams through the ACAMS Scholarship Program. After reviewing each of the recipients' outstanding achievements in both their professional and academic lives, I’m convinced that they are the anti-money laundering experts of tomorrow. I look forward to hearing about their future achievements in their respective fields and wish them success and happiness in the days ahead.“

Mr. Jeon Byeong Seong is the Chief Compliance Officer (CCO) at the Industrial Bank of Korea (IBK), a policy bank providing development finance and other services to small and midsize enterprises in Korea. Since joining IBK in 1991, he has served as the institution’s Head of Human Resources and Head of Digital Group, in addition to his current role. As IBK’s CCO, he has helped to enhance the institution’s compliance with anti-money laundering regulations and strengthened its transparency to build customer trust.

“Serving as a judge for this scholarship program has been a great opportunity to learn about the creative ideas and aspirations of talented applicants from the financial and FinTech sectors. Due to the expansion of contactless transactions and the emergence of virtual assets and other technology, talented professionals with a fresh perspective are in demand in the AML space. We believe that the scholarship winners will help take Korea's AML compliance to the next level.“

Managing Director Park Changok is a banking expert and the executive in charge of banking-related anti-money laundering (AML) strategy, compliance, and legal affairs at the Korea Federation of Banks. The federation is an organization established for the purpose of developing the banking industry in Korea and promoting various banking-related systems and policies, such as the Currency Transaction Reporting (CTR) system. In this role, Mr. Park advances AML issues through regular monthly meetings with bank executives and seeks to improve information-sharing through its collaboration with the Financial Action Task Force, national FIUs, and other international organizations.

“It has been both a profound honor and a deeply rewarding experience to take part in the judging process. The applications have not only been enlightening and enriching, but they have also made me very hopeful for the future of the anti-financial crime (AFC) industry in Korea. I eagerly await the impact that the scholarship winners will have on their respective communities and on the fight against financial crime more broadly.“

Mr. Song is the ACAMS Country Business Development Director for Korea and a lecturer for anti-money laundering (AML) courses at the Graduate School of International Information Security at Dongguk University. In June 2022, he was appointed as the President of the Korea Academic Association of AML (KaAML), a position he has used to promote the importance of AML compliance. Prior to joining ACAMS, Mr. Song spent 17 years working in IT planning at the Korea Exchange Bank. From 2003 to 2020, he worked as CEO for Unitas, a risk management and global compliance solutions company. Mr. Song, who has provided free onsite training and online education to AML staff for more than a decade, is also responsible for the publication of the Weekly AML Report, a newsletter that reaches over 1,000 professionals in the financial services sector. In November 2021, he was commended by the Financial Services Commission at the 15th Anti-Money Laundering Day, organized by Korea’s Financial Intelligence Unit (KoFIU).

“It has been an honour to hear from sincere, enthusiastic, and talented anti-money laundering (AML) practitioners, and to get to learn about their professional and personal lives as a judge of the CAMS Korea scholarship. I look forward to stepping up the fight against financial crime alongside the scholarship winners.”

Jude Jung is an ACAMS Anti-Financial Crime (AFC) consultant and the subject-matter expert for Korea. In 2021, she was appointed as a Director of the Korean AML Association (KaAML), which advocates for the rights and interests of Korean AML professionals. She supports the AFC sector through her lectures on AML issues at the Korea Banking Institute, financial institutions, and government agencies. Ms. Jung provides Weekly AML news updates through newsletters and periodic columns on domestic and global compliance trends and her engagement with the media.