MIAMI – May 19th, 2011 – The Association of Certified Anti-Money Laundering Specialists (ACAMS), The Institute of Internal Auditors (IIA) and ISACA announced today that they will partner to provide a free web seminar on May 24, 2011. This web event will examine the roles of anti-money laundering (AML), audit and business units in an institution, and the need for a symbiotic relationship among these departments to improve compliance for the entire organization.

“ACAMS is extremely excited to be co-hosting this web event,” said John Byrne, CAMS, ACAMS executive vice president. “The role of AML in an institution is extremely important to detecting and combating financial crime. The performance of the AML department is often contingent upon a close and open working relationship with the Audit team and the Business Unit,” continued Byrne, who will also be the Moderator of the event.

This seminar will feature expert speakers representing professionals from AML, Audit and IT. Presenters will examine the latest trends in corruption and international sanctions and the steps each department can take to address these emerging threats.

“New developments in the field of AML are spurring a renewed interest in the performance of anti-money laundering audits in financial institutions,” said Emil D’Angelo, CISA, CISM, international president of ISACA. “A significant number of ISACA members are impacted by the AML regulations and can add value to their employers by teaming with the business unit and AML specialists.” During the course of the web event, presenters will also explain why legally required independent testing by the audit team is crucial to the entire compliance program and how inadequate audits can lead to unwanted regulator attention.

“Internal auditors have a very important role in assessing and mitigating these types of risks,” said IIA President and CEO Richard Chambers, CIA, CGAP, CCSA. “It’s a natural fit for our three organizations to partner on providing guidance to our professional communities on this timely issue.”

The web seminar will take place from 12:00 P.M. until 1:30 P.M. EDT and registration is available for free to members of each association. The event will also qualify for 1.5 CPE and CAMS credits. Those who are interested in more information or registering for the event may visit www.ACAMS.org, www.ISACA.org/elearning or www.theiia.org.

About the Association of Certified Anti-Money Laundering Specialists

ACAMS is an international membership organization dedicated to enhancing the knowledge and skills of AML professionals from a wide range of industries. It serves 11,000 members in 160 countries with extensive resources designed to develop and sharpen the skills required for superior job performance and career advancement. Its CAMS certification is the most widely recognized AML certification among compliance professionals worldwide. Visit the new ACAMS website at www.ACAMS.org.

About the Institute of Internal Auditors

Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Fla., USA. The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security.

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About ISACA

With 95,000 constituents in 160 countries, ISACA (www.isaca.org) is a leading global provider of knowledge, certifications, community, advocacy and education on information systems (IS) assurance and security, enterprise governance and management of IT, and IT-related risk and compliance. Founded in 1969, the nonprofit, independent ISACA hosts international conferences, publishes the ISACA Journal, and develops international IS auditing and control standards, which help its constituents ensure trust in, and value from, information systems. It also advances and attests IT skills and knowledge through the globally respected Certified Information Systems Auditor (CISA), Certified Information Security Manager (CISM), Certified in the Governance of Enterprise IT (CGEIT) and Certified in Risk and Information Systems Control (CRISC) designations.

ISACA continually updates COBIT, which helps IT professionals and enterprise leaders fulfill their IT governance and management responsibilities, particularly in the areas of assurance, security, risk and control, and deliver value to the business.

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