AWARDS
Pictured left to right are Markus Schulz , Rick Small and Mariah Gause .
AT : As the AFC industry has developed , how has it evolved and what could be done differently to combat financial crime more effectively ?
RS : We need a sea change move to embrace a risk-based approach that will be fully supported by all aspects of supervisory bodies . The industry has significantly evolved from the early days of the BSA and the USA PATRIOT Act , with the development of increasingly sophisticated technology along with a cadre of subject-matter experts , such as those who are part of ACAMS . With the skillsets of today and the support of technology , the industry is well positioned to implement and manage a risk-based program that will , in my opinion , provide significant added value to the continued financial crime challenges .
AT : Having achieved a successful career , what would you like to accomplish in the next five years ?
RS : To my previous points , I would love to be a part of a move to a truly risk-based approach . I am also a huge fan of public-private partnerships , so I want to make sure they continue to grow and flourish .
AT : What is the most important lesson you learned while working in the AFC industry ?
RS : Those of us engaged in this fight are all doing so for the exact same reasons ― to protect our economy , our customers and our institutions . Unlike other aspects of the business , there is no competition ; we are part of one big family !
Interviewed by : Karla Monterrosa- Yancey , CAMS , editor-in-chief , ACAMS , editor @ acams . org , 52 acamstoday . org