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We are happy to announce that "Balancing Anti-Money Laundering/Counter-Terrorist Financing Requirements and Financial Inclusion: The Case of Telecommunications Companies" by our managing partner, Ehi Eric Esoimeme, made it to BookAuthority's Best Banks Books of All Time: https://bookauthority.org/books/best-banks-books?t=w7q72l&s=award&book=9782787892
As featured on CNN, Forbes and Inc - BookAuthority collects and ranks the best books in the world, and it is a great honor to get this kind of recognition. Thank you for all your support! The book is available for purchase on Amazon. https://www.amazon.com/dp/9782787892?tag=uuid10-20 You can also purchase other books by our managing partner here: https://www.amazon.com/Books-Ehi-Eric-Esoimeme/s?rh=n%3A283155%2Cp_27%3AEhi+Eric+Esoimeme
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On 11 May 2022, our managing partner, Ehi Eric Esoimeme Esq., LLB. BL., LLM., ICA., CAMC., CCO., CPRM., CRA., FGAFM., FCACC., FIMC., CMC. was awarded with the Honorary Doctorate Degree in Financial Crimes by the American University of Business and Social Sciences and the International Association for Quality Assurance in Higher Education. Ehi’s skill and knowledge in the field of the financial crime space are drawn from his many years of experience as a researcher and consultant in anti-money laundering laws and policies, counter-fraud measures, and anti-corruption strategies. So far, Ehi has authored more than 50 publications, including eight books on financial crime compliance. Ehi’s second book titled “The Risk-Based Approach to Combating Money Laundering and Terrorist Financing” was rated as the #5 best money laundering book of all time by Financial Expert in its 2021 refresh of the rankings. The book also became a bestseller on Amazon for banking law. Ehi received a bachelor’s degree in law from the University of Lagos and holds a master’s degree in international banking law and anti-money laundering compliance from Cardiff University. A big congratulations to Dr. Ehi Eric Esoimeme Esq. for being awarded with the Honorary Doctorate Degree in Financial Crimes.
https://lnkd.in/dmcKSvip #doctoratedegree #financialcrime #financialcrimecompliance #highereducation We are glad to announce that E-Four and AAF, a global consultancy firm that also offers training and education to financial institutions and designated non-financial businesses and professions on financial crime compliance, has been granted full accreditation for its courses from International Association for Quality Assurance in Higher Education (QAHE) and features in its list of accredited institutions. QAHE is an expert in recognizing higher education institutions for research performances, student services and quality of teaching to value the confidence of the public along with supporting the development of quality assurance systems worldwide.
We, at E-Four and AAF, are always committed to providing participants with the best possible learning experience and thus, continue to invest in both our facilities and our innovative approach towards education on financial crime compliance. QAHE’s accreditation eligibility criteria contain the five areas mentioned below for which E-Four and AAF underwent inspection of its internal quality assurance system and review of its study programs.
Moreover, to maintain its accreditation from QAHE, E-Four and AAF must enter the Continuous Perfection Evaluation process every year. With an accreditation from an internationally acclaimed accreditation organization like QAHE, E-Four and AAF promises to ensure continuous enrichment of course delivery, teaching quality and research tasks to achieve and maintain its international standard in every aspect of providing training services to its students from across the globe. Benefits of enrolling in an QAHE accredited program Enrolling in an QAHE accredited program will provide the candidates with a competitive advantage in the field of financial crime compliance, all across the globe. The globally recognised accreditation will provide a strong boost to a candidate’s CV and career in financial crime compliance thus enhancing their marketability and employment options. It is more of a separate, recognized qualification verifying that the candidate is skilled and competent in a range of areas. Candidates having a QAHE accredited course certification will be recognised globally for the skills acquired and knowledge gained throughout the program. Verification Students enrolling at E-Four and AAF can verify E-Four and AAF's accreditation at QAHE’s home page under ‘SEARCH INSTITUTIONS’ by typing the name of our institution. https://www.qahe.org/ By Ehi Eric Esoimeme, Managing Partner, Chief Trainer and Consultant at E-Four and AAF Procedures for monitoring, detecting, and reporting suspicious activity should be effective. Banks are required to implement transaction monitoring procedures and file reports of suspicious activity with the Financial Intelligence Unit. Like other anti-money laundering filings, SARs play an important role in detecting possible criminal activity. Financial Intelligence Units and law enforcement agencies use SARs to investigate money laundering, terrorist financing, and other serious criminal activity.
Several factors can contribute to a Bank's ineffective transaction monitoring system. They include the following:
The Certification Courses on Financial Crime Compliance by E-Four and AAF will discuss measures that are critical to preventing money laundering. These courses include: • CFC - Certified in Financial Crimes and Fraud Prevention ™ • CAMC- Certified Anti-Money Laundering Consultant ™ • CDDP - Certified Due Diligence Professional ™ • CAMA - Certified Anti-Money Laundering Auditor ® • CCO - Certified Compliance Officer ® • CMRA - Certified Money Laundering Risk Consultant ® • ChFI - Chartered Fraud Investigator ® Benefits • Successful completion of a GAFM ™ course makes you a Certified Professional in the relevant subject matter. • You can use the assigned designation on your business card and resume • Up to 22 months membership to the GAFM ™ professional body • Access to the GAFM ™ network and body of information online • Gold Embossed Certificate with your name and designation as MGAFM (Member of the Global Academy of Finance and Management) • Free access to the E-Four and AAF digital financial newspaper for 1 year. This newspaper will be released 2 times in a year. First part will be released, June 2022. Training Sessions Each day will have two sessions. Session 1 will start from 10am and end at 12pm with a 1 hour break from 12pm to 1pm while Session 2 will begin from 1pm and end at 4pm, Training Fee The Training Fee for each of the Training Programmes is 1200 $US. There are discounts for group registration. For more details, please find attached our Training Calendar for January and February, 2022. Get course brochures at: https://efour-aaf.com/certified-training-courses-on-financial-crime-compliance.html Kindly let us know which of the training programmes that you are interested in. implementing compliance enhancements to continuously improve AML AND TRANSACTION monitoring programs12/16/2021 By Ehi Eric Esoimeme, Managing Partner, Consultant and Trainer at E-Four and AAF Our banking system’s vulnerability to money laundering is once again a focal point of debate in the wake of the Financial Conduct Authority's report into HSBC that cites examples of poor controls, including failing to spot suspicious activity on the account of a construction director who also played a leading role in a criminal gang trying to steal millions of pounds by setting up fake companies.
For Financial institutions to adequately monitor and detect suspicious and prohibited activity, it is important that they implement compliance enhancements to continuously improve their AML and transaction monitoring programs through significant investments in AML staffing and technology, including: • Enhanced Surveillance System: Financial institutions should upgrade their AML surveillance monitoring system across all of its separate business lines to an upgraded system. The new system should be able to provide enhanced grouping and alert features, thus strengthening the ability to monitor transactions between related accounts. • Accountability: Financial institutions should enhance their oversight of AML monitoring and also implement back-testing protocols, which help enhance the quality of the alerts and reduce false positives. • Alert Handling, Documentation, and Inventory Tracking: Financial institutions should enhance their minimum standards for alert handling, documentation and tracking. The enhancements should include, among other things, detailed written instructions on how to handle alerts, document a review, and escalate an alert through the proper personnel channels. • Enhanced Training and Minimum Standards for Key AML Monitoring Staff: In order to enhance the quality of alert handling, financial institutions should set minimum experience requirements for its AML monitoring staff and provide them extensive training. E-Four and AAF is an Accredited Training Provider for the Global Academy of Finance and Management (GAFM) and the American Academy of Project Management (AAPM) certification programs. With this partnership, E-Four and AAF offers various GAFM® and AAPM ® certifications in conjunction with its existing/relevant training programmes and courses. GAFM® and AAPM ® courses are TUV Accredited, ISO 9001 Accredited, ISO 29990 Accredited, AABFS Accredited, CHEA Standards, EU Compliant Level VII, and ACBSP Articulation Awarded Credential. Currently, E-Four and AAF offers the following GAFM® and AAPM ® certifications: • CFC Certified in Financial Crimes and Fraud Prevention™ • CAMC Certified Anti-Money Laundering Consultant ® • CDDP – Certified Due Diligence Professional • CAMA – Certified Anti-Money Laundering Auditor™ • CCO Certified Compliance Officer ™ • CMRA Certified Money Laundering Risk Analyst ® • ChFI Chartered Fraud Investigator ™ E-Four and AAF also offers the following training courses with the Global Academy of Finance and Management (GAFM):
• Quality Assurance: Financial institutions should assess the quality of the AML monitoring analysts’ work and substantive accuracy of the disposition of the alert under their quality assurance system. Findings should be reported monthly to designated senior officers. Hi everyone. Ehi Eric Esoimeme's interview with Sanction Scanner (an anti-money laundering solutions provider aimed to provide cost-efficient AML solutions that can be used by all-size businesses) was published a few days ago as part of their Compliance Interview Series. In this interview, Ehi discussed the latest AML trends, and the Policies, Procedures, and Internal Controls that can help identify and reduce money laundering risks and vulnerabilities in the financial system. One of the AML trends he discussed is where virtual currency exchangers and bitcoin mixers conspire with criminals, and cybercriminals in particular, using virtual currencies to process the proceeds of their illicit activity. Instead of directly transmitting bitcoin between two bitcoin addresses, the mixer disassociates connections in a manner designed to conceal and obfuscate the source or owner of the bitcoin. Kindly read the full interview using the link provided: https://sanctionscanner.com/interviews/ehi-eric-esoimeme Thank You and God Bless You.
CRITICAL ACCLAIM FOR THE RISK-BASED APPROACH TO COMBATING MONEY LAUNDERING
Hi everyone. Financial Expert has rated Ehi Eric Esoimeme's second book entitled "The Risk-Based Approach to Combating Money Laundering and Terrorist Financing" as the 5th best money laundering book of all time in its 2021 refresh of the rankings. Financial Expert reached out to Ehi Eric Esoimeme after the ranking was announced, to share some insights into his money laundering book, and provide some advice to other financial writers out there. Please find Ehi's responses to the interview questions using the link provided below: https://www.financial-expert.co.uk/author-interview-ehi-eric-esoimeme/ Never been done before. A book with 12 anti-money laundering experts as co-authors entitled "Expected Changes in AML After Covid-19." This is my 7th book. When Sanction Scanner reached out to me I saw it as a blessing and privilege to deliver so I wrote like it was my first book. Mama was still around then. She will be very proud and happy for me as always. She was my biggest fan and always prayed for my success. We are not slowing down. This is just the beginning. Read and download the full e-book here: https://sanctionscanner.com/Static/Ebooks/Expected-Changes-in-AML-after-COVID-19.pdf
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AuthorEhi Eric Esoimeme is the Managing Partner of E-Four and AAF and an Anti-Money Laundering Consultant, Trainer, Advocate, Author and Editor. E-Four and AAF is an Accredited Training Provider for AML Certification Courses. Archives
April 2023
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