NCI Accredited for DSI AML Register Posted on July 30, 2024 at 1:24 pm.Written by Roeland Jongejan Following the training courses from ACAMS and VU, the DSI Accreditation Committee has approved a third course that qualifies for entry into the DSI AML Register: the Leergang Bestrijding Witwassen en Terrorismefinanciering (LBW) from the Nederlands Compliance Instituut (NCI). AML and CDD professionals who start the LBW course on or after August 1, 2024, and successfully obtain their diploma will meet the requirements for inclusion in the new DSI Anti Money Laundering (AML) Register, provided they are employed by a DSI participant. Proven expertise as an AML Professional With the independent DSI AML Register, professionals with solid training have a unique opportunity to demonstrate their expertise. Registration shows that you are provenly skilled, allowing employers and clients to trust that professionals meet high standards of knowledge and integrity. Already graduated from LBW? If you already have an LBW diploma, you can be registered as a candidate certified professional in the AML Register by submitting an application to DSI. To achieve full certification, you will need to complete an additional e-learning course, available starting January 1, 2025. You can sign up for this e-learning via the website of the Nederlands Compliance Instituut. Starting August 1, 2024, this e-learning will be part of the LBW curriculum. Participants who begin from that date will receive their diploma after successfully completing the e-learning in early 2025. Need more information? If you have questions or comments about the LBW diploma or the DSI AML Register, visit this link or the NCI website to get in touch directly.
DSI launches the AML register Posted on June 2, 2024 at 8:47 pm.Written by Roeland Jongejan Today, June 3, 2024, DSI will launch the DSI Anti Money Laundering (AML) register. With this, we are taking an important step towards increasing the trust and competence of professionals in the AML sector. This initiative is the result of close collaboration between AML professionals in the financial sector, leading educators, and DSI. “With the launch of this new DSI register, we provide a uniform solution for registering the knowledge and integrity of AML professionals working in the financial sector. Certified professionals thus demonstrate their competence,” said Floris Mreijen, Executive Director at DSI. DSI Accredited Educators: VU Amsterdam and ACAMS To complete a registration, AML professionals must have completed training with a DSI-accredited educator. The DSI Accreditation Committee, in collaboration with experts from the DSI Advisory committee on Compliance Professionals, has accredited two educational institutions: VU Amsterdam and ACAMS. Other educators may follow in the near future. Floris Mreijen, managing director of DSI, signs the DSI accreditation for the FEC-Risk Expert program at VU Amsterdam together with Tom Loonen, professor and program director of FEC-Risk Expert. VU Amsterdam: Certified FEC-Risk Expert “This accreditation is an important recognition by the DSI Accreditation Committee that our program meets stringent quality criteria,” says Tom Loonen, Program Director of FEC-Risk Expert at VU Amsterdam. “We are therefore pleased that our students can be directly admitted to this register.” Click here for more information about the FEC-Risk Expert program at VU. ACAMS: CAMS-Certificering “It is a distinct honor and responsibility for ACAMS to be appointed an accredited DSI educator. This designation provides ACAMS-trained anti-financial crime professionals in the Netherlands with further recognition, demonstrating their high level of competency and commitment. We applaud the launch of the DSI Anti-Money Laundering (AML) register, which sets a new industry benchmark, and thank DSI for entrusting ACAMS with this important mandate.” – Neil Sternthal, CEO of ACAMS. Click here for more information about the CAMS certification from ACAMS. Demonstrable competence via the DSI AML Register Registration in the AML register confirms that a professional meets the high uniform competence requirements of both DSI and the sector itself. Additionally, registration offers various benefits to both the professional and their employer: Recognition: With DSI certification, professionals distinguish themselves as qualified AML experts in the financial sector. Demonstrable competence: With certification from DSI, you are demonstrably competent to clients and colleagues via the DSI Public Register. Integrity: DSI stands for integrity in the financial world, and our certification highlights the professional’s commitment to this important principle. Career opportunities: With DSI registration, professionals enhance their chances for career development and new growth opportunities in the financial sector. Professional development: Certified individuals continue to develop through access to the DSI Continuing Professional Education program. How can professionals register? The certification process at DSI is simple and transparent. Registration is always done via our website. Interested parties can also read the conditions that a professional must meet to be fully DSI certified. Interested? For more information about the register or to sign up, please contact DSI via email at certification@dsi.nl or call us at (+31) 020-620 12 74. You can also find all the details on our website: www.dsi.nl/en/aml.
DSI Anti Money Laundering (AML) Register Posted on December 12, 2023 at 10:19 am.Written by Roeland Jongejan In close collaboration with the industry, DSI has decided to launch a new register specifically targeting professionals dedicated to preventing financial crime: the DSI Anti Money Laundering (AML) register. This register provides uniform quality standards for AML professionals actively involved in the fight against financial crimes. Roles in Financial Crime Financial institutions such as banks and investment firms play a crucial role in preventing money laundering and financing terrorism. This is commonly referred to as the gatekeeper function. The number of professionals engaged in combating financial crime has significantly increased in recent years. These individuals work in areas such as Customer Due Diligence (CDD), Know Your Customer (KYC), and Anti Money Laundering (AML). DSI is developing this new register specifically for the AML professionals. What is a DSI AML Professional? The DSI AML professional operates within the financial sector and is tasked with preventing their organization’s involvement in money laundering. The professional focuses on the proper application of the Wwft and possesses in-depth knowledge of customer research (KYC and CDD) and transaction monitoring. The DSI AML professional also has the skills to effectively act in their role as a money laundering combatant. Uniform Quality Standards with an Independent Register A key consideration for establishing this register is that AML professionals need to demonstrate proven expertise. Regulators are increasingly attentive to this requirement. Currently, various training programs are available in this field, varying in depth and assessment. Our discussions with DSI-affiliated businesses reveal a need for uniform quality standards for this professional group. These standards should be set and monitored by an independent and expert certifying authority. DSI believes that such an initiative aligns well with the existing DSI certifications for investment and compliance professionals. Through the new register, DSI aims to ensure a baseline level of expertise and integrity for this professional group. In addition to uniform training requirements for entry into the register, there will also be an obligation for ongoing education. Finally, DSI’s code of conduct and disciplinary procedures will apply. Current Status In January, the final terms for the new registry were approved by the DSI Accreditation Committee. Subsequently, these terms were shared with providers of financial crime training programs. The first accreditation request is currently being processed by DSI. The Compliance Advisory Committee and Accreditation Committee will evaluate this request. It is expected that the registry will launch before the summer of 2024. Contact Information For inquiries about the new register, feel free to contact Mark van der Lecq (Lead Legal DSI) via our contact form.