The Association of Certified Anti-Money Laundering Specialists (ACAMS) has appointed Jen Calvery, Group Head of Financial Crime Risk and Compliance at HSBC, to its board of directors. Calvery is a former Director of the U.S. Financial Crimes Enforcement Network (FinCEN), bringing extensive experience in federal law enforcement, financial regulation, and compliance from her roles in both government and the corporate sector.
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At HSBC, Calvery leads the organization's strategy for preventing and detecting financial crime, focusing on adopting new technologies and enhancing professional capabilities to combat risks such as fraud and money laundering. She also serves as a Non-Executive Director of HSBC Private Bank, dealing with governance, risk management, and compliance outcomes.
Before her tenure at HSBC, Calvery directed FinCEN, where she worked on regulatory requirements impacting financial institutions in their anti-money laundering efforts. Her previous experience includes 15 years at the U.S. Department of Justice, where she held positions such as Chief of the Asset Forfeiture and Money Laundering Section.
Calvery's multifaceted background equips her with diverse insights into the financial crime prevention system from enforcement to regulation and compliance. Her role at ACAMS will involve contributing to the organization's strategy for developing training, certification, and intelligence resources specifically for professionals in the anti-financial crime field.
As financial institutions face new challenges with advancements in artificial intelligence, ACAMS aims to help members navigate these complexities through enhanced professional education and collaboration. The organization provides services to over 120,000 members across more than 200 countries and territories, supporting the needs of various financial institutions, government agencies, and fintech companies.
Calvery's appointment enhances ACAMS' board-level expertise at a time when evolving technologies pose unique challenges for financial crime compliance. With previous directors like Bill Fox, former Global Head of Financial Crimes at Bank of America, the board brings together substantial insight into financial regulation and compliance.
ACAMS has also recently expanded its Advisory Board with four senior financial crime executives from institutions including Citi and TD Bank, further broadening its industry perspectives. Neil Sternthal, CEO of ACAMS, praised Calvery's leadership, emphasizing her unique contributions to the global anti-financial crime community. In her response, Calvery expressed her commitment to helping ACAMS equip future financial crime practitioners to adapt to emerging threats.