PANAMA-Dec. 6, 2004 Stanford International Bank (Panamá), S.A. now has a certified anti-money laundering specialist on board. Lorenzo Rodrígues Balelo, a compliance officer for the Bank, is among a select few to be awarded the prestigious CAMS (certified anti-money laundering specialist) designation after recently passing a rigorous certification examination.

 
Rodrígues has acquired a vast knowledge of local and international experience in money laundering and "Know Your Client" policies during his tenure in the Bank's compliance department. He has also been involved in the implementation of internal controls, the development of policy manuals and the creation of a Bank contingency plan.

Now, as a member of the Association of Certified Anti-Money Laundering Specialists, an elite international organization with 1,700 members in more than 73 countries, Rodrígues brings additional credentials to the Panama-based bank.

The CAMS exam covers money laundering methods and the risks they pose to legitimate businesses; how to develop defenses against money laundering and terrorist financing; investigative methods for uncovering money laundering; and international anti-money laundering standards all companies are expected to follow.

Before joining the Stanford organization, Rodrígues worked as a compliance officer for Banco Do Brasil, Panamá, and prior to that, held a position in its International Commerce Department. He obtained his undergraduate degree in finance from Universidad Santa Maria La Antigua de Panamá.

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