Fudan University Partners with ACAMS to Address Growing Need for Anti-Money Laundering Training
in Mainland China
SHANGHAI, May 22 /PRNewswire-AsiaNet/ --
The Association of Certified Anti-Money Laundering Specialists (ACAMS) and Fudan University in Shanghai
have signed an agreement to jointly provide anti-money laundering (AML) training throughout mainland China.
The partnership will address the strong need for educating and training AML professionals in China.
AML is a relatively new focus in China where laws addressing money laundering were enacted only as
recently as 2006. But, according to an Anti-Money Laundering Report published by China's bank regulator, the
People's Bank of China, there are approximately 190,000 professionals working in the AML field within China's
banking, insurance and securities sectors. Most of these AML professionals are new to the field.
Shi Lei, an economics professor at Fudan University, said, "The cooperation is part of China's efforts to
strengthen anti-money laundering checks and monitor banks, securities and insurance companies to
safeguard financial security."
Together, ACAMS and Fudan University will provide a range of training including basic AML courses
focused on China's regulatory requirements, to the study of global standards and leading practices in fighting
money laundering and terrorist financing. The global standards course will culminate in students sitting the
exam to qualify for ACAMS's Certified Anti-Money Laundering (CAMS) designation. In conjunction with the
newly established partnership with ACAMS, Fudan University has created an academic program, the Center
for Anti-Money Laundering Studies, through which it is considering the launch of degree and graduate
programs in AML.
"We're very excited to partner with such a prestigious university as Fudan to bring AML training to mainland
China," said Ted Weissberg, Group Executive at ACAMS. "ACAMS's presence in Asia has been growing very
quickly over the past two years, and we expect this agreement will accelerate that growth dramatically."
About the Association of Certified Anti-Money Laundering Specialists (ACAMS)
ACAMS is an international membership organization dedicated to enhancing the knowledge and skills of
AML professionals around the globe. It serves as a uniquely valuable resource for close to 10,000 members in
130 countries, promoting year-round support to develop and sharpen the skills required for superior job
performance and career advancement.
About Fudan University
Fudan University, established in 1905, is a prestigious institution in Shanghai, People's Republic of China.
Fudan has over 45,000 students and 2,400 faculty members, spread over four different campuses. It is
especially renowned in the areas of physical sciences, humanities, social sciences, and medicine.
SOURCE: Association of Certified Anti-Money Laundering Specialists
CONTACT: Hue Dang of Association of Certified Anti-Money Laundering Specialists,
+1-852 3750 7645,
hdang@acams.org
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