ACAMS Enhances its Certified Global Sanctions Specialist (CGSS) Certification to Equip Sanctions Professionals with Updated, Real-World Compliance Skills
July 08 2024 - 8:00AM
ACAMS, a leading global organization dedicated to combating
financial crime, has enhanced its Certified Global Sanctions
Specialist (CGSS) Certification to include additional resources and
training options.
The CGSS program now offers a case studies module that reflects
real-world challenges in sanctions compliance. This is designed to
enhance problem-solving skills, mirroring the complex decisions
that sanctions professionals face daily. The case studies help to
identify potential gaps in understanding, so professionals are
prepared for the many nuances of sanctions implementation and
enforcement.
Additionally, the CGSS has transitioned to a modular format,
comprising four distinct certificate courses, which allows
candidates to earn certificates in specific areas of interest as
they progress toward full certification. This stackable format not
only boosts learning outcomes but also rewards professionals with
flexibility and engagement throughout the training journey.
ACAMS’ latest program features help to:
- Close knowledge gaps for sanctions officers.
- Provide flexible options tailored to different learning
styles.
- Deliver up-to-date knowledge of regulations and
typologies.
- Demonstrate specialized sanctions acumen and risk management to
regulators.
The CGSS curriculum has also been expanded to include more
coverage of such critical topics as virtual assets, export control
compliance, contract clauses and management of frozen assets.
“Whether you’re in sanctions compliance, risk management, legal
advisory or other parts of the anti-financial crime field,
professionals need comprehensive, hands-on experience to navigate
the constantly shifting sanctions landscape," said ACAMS CEO Neil
Sternthal. “That’s why we’ve enhanced our CGSS program – to provide
our community of financial crime prevention experts with additional
flexibility and learning options to remain at the forefront of
global sanctions compliance.”
To obtain the certification, CGSS applicants must have an active
ACAMS membership, present evidence of 40 eligibility credits and
pass a proctored exam. Organizations and professionals wanting to
bolster their sanctions compliance capabilities can learn more
here:
https://www.acams.org/en/certifications/certified-global-sanctions-specialist-cgss
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About the CGSS
Certification
Developed for professionals with 18 months to two years of
experience in financial crime compliance, the CGSS certification
helps them demonstrate the knowledge necessary to manage risks
related to sanctions and ensure greater sanctions compliance. CGSS
has been developed with active input from a cohort of recognized
sanctions and AFC subject matter experts, including those from
regulatory and law enforcement backgrounds. CGSS answers the need
for an in-depth training program in sanctions compliance, to help
industry professionals better respond to the current challenges. It
can be deployed to teams globally, ensuring they are trained
against the same standards and their specialized knowledge is
formally recognized. CGSS-certified teams enable organizations to
better manage sanctions risk, establish an effective sanctions
compliance program and demonstrate compliance with constantly
evolving regulatory requirements.
About
ACAMS®
ACAMS is a leading international membership organization
dedicated to providing opportunities for anti-financial crime
education, advancing best practices, and peer-to-peer networking to
AFC professionals globally. With over 100,000 members across 180
jurisdictions, ACAMS is committed to the mission of ending
financial crime through the provision of anti-money
laundering/counterterrorism-financing and sanctions
knowledge-sharing, thought leadership, risk-mitigation services,
ESG initiatives, and platforms for public-private dialogue. The
association’s CAMS certification is the gold-standard qualification
for AFC professionals, while its CGSS and CCAS certifications are
for sanctions professionals and AFC practitioners working in the
crypto space, respectively. ACAMS’ 60+ Chapters globally further
amplify the association’s mission through training and networking
initiatives. Visit acams.org for more information.
Lashvinder Kaur
ACAMS
+44 7388 264478
lkaur@acams.org