SendGold presents industry best practices for compliance

SendGold

September 29, 2020

ACAMS recently offered a webinar to AML practitioners with a focus on those operating in the gold bullion business in the Australasia region. They selected SendGold to present industry compliance best practices and discuss how to best mitigate compliance risk while maintaining fast and responsive service for customers.

The Association of Certified Anti-Money Laundering Specialists (ACAMS) is the largest international membership organization for anti-financial crime professionals.

When selecting webinar conference participants, Dr William Scott Grob (ACAMS AML Director for APAC) asked ACAMS Australasian Chapter Co-Chair Mr Aub Chapman which company should represent the bullion industry. Mr Chapman suggested SendGold.

“I knew SendGold had a strong regime of compliance procedures in place”, said Mr Chapman. “As a financial crime consultant, I helped them design their program when SendGold first started, and I thought they would be a good example in the business of how compliance can be managed effectively”.

The webinar was held on July 9 and was attended by more than 300 professionals from around the region. Both ACAMS and SendGold received overwhelmingly positive feedback from participants.

The headlines last week about AML penalty fines levied in Australia on Westpac Bank, at $1.3 billion the largest fines ever in Australian corporate history, underscore the importance of all financial businesses having consistent and effective AML procedures in place with management fully on board.

 

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