Rick McDonell, Former FATF Executive Secretary, Joins ACAMS

The Association of Certified Anti-Money Laundering Specialists (ACAMS) today announced the appointment of Rick McDonell that its Executive and as a new member of the Advisory Board of ACAMS director. McDonell is well known for his distinguished career as the FATF (Financial Action Task Force) Executive Secretary, a post he held since 2007.

The Association of Certified Anti-Money Laundering Specialists (ACAMS) today announced the appointment of Rick McDonell that its Executive and as a new member of the Advisory Board of ACAMS director.

McDonell is well known for his distinguished career as the FATF (Financial Action Task Force) Executive Secretary, a post he has held since 2007. Among his many accomplishments in FATF was to develop a new standardized assessment of the countries 'method'. This expanded being evaluated beyond the initial implementation of the FATF standards to examine their effectiveness in terms of support for a reduction in the levels of financial crime - a radical change, which allowed the strength of AML regimes can determine with clarity.

Under the direction of McDonell, FATF Global Network has also extended to nine regional FATF-style bodies (GREG), an important achievement ACAMS Association has members in over 160 countries, the majority of people in these regions.

Moreover, many years of direct experience working with regional organizations McDonell has given him a unique perspective on the global AML and financial crime challenges that face ACAMS members. In appointing McDonell, ACAMS will also be able to leverage that expertise to enhance its international educational programs that are prized for dealing with global challenges.

As Executive Secretary, McDonell ACAMS lead efforts "to expand government relations worldwide. This will involve the development of new regulations and enforcement of the standing committees, through which new possibilities of knowledge sharing among members working in the public and private sectors will be created. In addition, these permanent committees to provide advice to the ACAMS in the various laws and regulations on AML / Financial Crimes and penalties in ACAMS serves 160 countries.

Commenting on the appointment of McDonell, Chip Poncy, the former head of the US delegation to the FATF said: "Throughout Rick prestigious race in the fight against financial crime, has gained a truly global reputation as a pioneer in the expansion of AML / CFT and mission of financial integrity. Rick exudes a depth and a combination of knowledge, experience, humility and commitment that is rarely found in any profession and dedication to the AML / CFT mission made significant progress in interests of all stakeholders of financial integrity worldwide. The affiliation with ACAMS Rick is a wonderful partnership and allows the AML / CFT community will continue to benefit from its ongoing contributions to the important work ahead. "

ACAMS Chairman of the Advisory Board, Rick Petit added: "I am very happy to have join us Rick in ACAMS Rick brings a wealth of experience and expertise in establishing global standards for governments and financial institutions in the fight against money laundering. money and terrorist financing. Leadership Rick Financial Action Task Force, and before that one of the regional bodies of FATF, ACAMS members will provide valuable insights in the understanding of the current regulatory framework and the establishment of appropriate controls and effective AML. "

Angela Salter, Director of ACAMS Europe said: "It is an honor for ACAMS AML and community that Rick will bring his long experience of our ongoing efforts to ensure that members receive the highest levels of training, content and strategic advice to stop flow of illicit funds. " Salter added: "To be truly effective in the fight against money laundering and international financial crime, organizations need to share knowledge and collaborate with governments to develop policies that will give the correct results Rick cross ACAMS to accomplish this. better support for the international community AML, we are excited to work with him. "

"I am delighted to be joining ACAMS" McDonell said. "In my previous position with the FATF, I saw and admired the important role played worldwide ACAMS to provide a focal point for communication and public private sector, which is an essential element in the fight against money laundering and the financing of terrorism. I am excited to help further this goal through collaboration with members of the Board of Directors and equipment ACAMS in particular those dedicated professionals who are members of the ACAMS.

McDonell continues: "I also was impressed with the overall scope of the Association and the high quality events and training offered to the world that support and enhance our common mission to provide AML and professional CTF and the industry at large with the information of the highest quality and training. I'm happy to be part of the organization and for the pursuit of our common goal to stop the illegal movement of funds. "