ACAMS Today Magazine (Nov-Dec 2008) Vol. 7 No. 6 | Page 6

FROM THE EDITOR August/September CAMS Graduates A s 2008 draws to a close, we face a global economic crisis that led the United States government to pass the bailout bill for troubled financial institutions. As the government bails out financial institutions, many of us are asking ourselves, “Who’s bailing us out?” At the beginning of this year, who would’ve thought that this would become one of the most popular questions for 2008? At a time of economic uncertainty, antimoney laundering (AML) professionals can answer this question and help not only financial institutions, but individuals as well by turning their attention to fraud. Compliance departments—now more than ever—have become essential in assisting financial institutions with operational risk. Best practices that make up a successful compliance department need to be shared across the board. The good news is that despite troubled times, CAMS-certified professionals earned 14 percent more than noncertified professionals, according to the 2008 AML/CFT Compensation Survey. Highlights of the salary survey can be found in this issue of ACAMS Today. Also, in this final edition of ACAMS Today for 2008, we cover an array of informative topics: • Money laundering and intellectual property: Find out what these two crimes have in common. • Keeping one step ahead of the criminal requires ongoing training for appropriate employees. Learn how to customize your training to fit your needs and remember when it comes to training one size does not fit all. • Discover what effects a borderless Europe has had on the implementation of the Third EU Directive in Romania. • Learn how to drive efficiency in SAR reporting by implementing and establishing SAR templates. Finally, if you’re interested in deepening your knowledge and earning continuing education credits, don’t forget to register for upcoming ACAMS Web seminars by filling out the registration form in the back of this issue. As always, if you prefer to read us in Spanish, you can visit us at www. acams/espanol.org to download an electronic format of ACAMS Today “en español.” And don’t forget to send your comments, ideas for articles and submissions directly to me at [email protected]. A Karla Monterrosa-Yancey, CAMS Editorial/Communications Manager ACAMS 6 acams today | November / December 2008 Janelle Kirsten Jose Manisha Arun Wael Azmi Yousef Muhammad M Dean Nayef H Robert Carolyn Michael J Goro Yesenia John Orlando Amy L Smita Dibas John D Robert S Kay Juris Mario JP Carlos Alexander Karen L Terry E Denise A Vivienne A Nicholas D Hadda Brandy Jennifer Douglas L Alan Victor Luz M Terry Kevin Carmen Lai Kwan Roxanne Peter A Yee Shan Lee-Yuan Ajay Kumar Jason Donghyun Chase Edwin Lisa M Ian Renee Kristina Jose E Ibuka Melanie A Dawn Trudel M Sebastiaan Julia Lewis J Emmett Gargi Gerard F Aaron Adolphus Adrovet Agaskar Aiyawar Ajjour Akhlaq Akimseu Al Hussein Alonso Anderson Angerhauser Araki Armijo Arnold Arrieta Auckerman Bahadur Basu Baxter Bedick Beewen Bogdanovs Boivert Boonstra Borja Bossen Boz Breckenridge Browning Bruin Buda Burgoa Burkhart Cabral Campbell Capper Cardona Casanova Sanchez Catalina Caulfield Chan Chan Chance-Chin Chartier Chau Cheng Chettuvetty Chin Choi Cintron Cole Cook Cook Craig Cueto Culver Cunningham Davidson D’Cruz De Beer De Vellis Dellarco Jr Denham Desai Devine www.ACAMS.org