Three International Associations Team Up for Unprecedented Web Seminar on Anti-Money Laundering, Audit and the Business Unit

Taken from Blog 

MIAMI – May 04, 2011 – The Association of Certified Anti-Money Laundering Specialists (ACAMS), The Institute of Internal Auditors (IIA) and ISACA announced today that they will partner to provide a free web seminar on May 24, 2011. This web event will examine the roles of anti-money laundering (AML), audit and business units in an institution, and the need for a symbiotic relationship among these departments to improve compliance for the entire organization.  

“ACAMS is extremely excited to be co-hosting this web event,” said John Byrne, CAMS, ACAMS executive vice president. “The role of AML in an institution is extremely important to detecting and combating financial crime. The performance of the AML department is often contingent upon a close and open working relationship with the Audit team and the Business Unit,” continued Byrne, who will also be the Moderator of the event. 

This seminar will feature expert speakers representing professionals from AML, Audit and IT. Presenters will examine the latest trends in corruption and international sanctions and the steps each department can take to address these emerging threats.  

“New developments in the field of AML are spurring a renewed interest in the performance of anti-money laundering audits in financial institutions,” said Emil D’Angelo, CISA, CISM, international president of ISACA. “A significant number of ISACA members are impacted by the AML regulations and can add value to their employers by teaming with the business unit and AML specialists.”
During the course of the web event, presenters will also explain why legally required independent testing by the audit team is crucial to the entire compliance program and how inadequate audits can lead to unwanted regulator attention.

“Internal auditors have a very important role in assessing and mitigating these types of risks,” said IIA President and CEO Richard Chambers, CIA, CGAP, CCSA. “It’s a natural fit for our three organizations to partner on providing guidance to our professional communities on this timely issue.”


The web seminar will take place from 12:00 P.M. until 1:30 P.M. EDT and registration is available for free to members of each association. The event will also qualify for 1.5 CPE and CAMS credits. Those who are interested in more information or registering for the event may visit, or