gpruthi 1 Question 0 Answers 0 Best Answers 26 Points View Profile 5 gpruthiNewbie Asked: August 22, 20202020-08-22T15:53:32+00:00 2020-08-22T15:53:32+00:00In: Food Scope of ACAMS In india 5 What is the scope of ACAMS in india in terms of jobs and carrer. Share Facebook 1 Answer Oldest Voted Recent Jagdish India 1 Question 5 Answers 0 Best Answers 250 Points View Profile Jagdish Intermediate 2020-08-23T08:14:26+00:00Added an answer on August 23, 2020 at 8:14 am As an ASSOCIATION OF CERTIFIED ANTI-MONEY LAUNDERING SPECIALISTS (ACAMS) member, you will receive exclusive access to a wealth of AML/CTF and financial-crime related information, training plus an international network of thousands of like-minded professionals to turn to for guidance and support. However, ACAMS is the largest international membership organization dedicated to enhancing the knowledge and expertise of financial crime detection and prevention professionals, from a wide range of industries, in both the public and private sectors. ACAMS offers the Certified Anti-Money Laundering Specialist (CAMS) credential that certifies the holder’s expertise in anti-money laundering. ACAMS has certainly undergone a change in the last five years in the sense that they are no longer a small, private, unlisted company but rather a division of a much larger, listed company. This is evident in the significant growth they have seen in the last five years, in terms of their membership, which has increased from around 15,000 members to 67,000 plus today. People working in anti-money laundering (AML) and in financial crime compliance (FCC) in India are going to face increasing pressure and scrutiny from the regulators ahead of 2021 when India will undergo its Financial Action Task Force mutual evaluation. In the background of some well-publicized financial scams and other AML lapses by some very large public sector banks in India, the regulators are going to become increasingly vigilant in the next couple of years and we are likely to see quite a few large penalties being handed out over the next year or so. Training and capacity building are going to be increasingly important for all financial institutions large and small in the next year. In short, AML and FCC professionals will be kept quite busy in the next couple of years. 0 Share Share Share on LinkedIn Share on Facebook Share on Twitter Share on WhatsApp You must login to add an answer. Username or email* Password* Remember Me! Forgot Password?