Adtalem's (ATGE) ACAMS Unit Partners With MIM For Malta
Zacks Investment Research | Jul 04, 2019 09:34PM ET
Adtalem Global Education Inc.’s (NYSE:ATGE) unit, Association of Certified Anti-Money Laundering Specialists (“ACAMS”) announced that it has partnered with the Malta Institute of Management (“MIM”) to deliver the Certified Anti-Money Laundering Specialist (“CAMS”) certification in Malta, a member of the Eurozone.
The flagship certification, which started in July 2019, will allow financial crime prevention professionals to build a culture of compliance in the city.
This collaboration will help Adtalem’s Professional Education segment to boost presence in Malta. The certification will help create a standardized risk-based approach to money laundering threats and financial crime risks.
ACAMS’ Dedication to Empower Students
ACAMS’ dedication to enhance knowledge, skills and expertise in anti-money laundering (“AML”) and financial crime detection, and prevention professionals bodes well. Notably, the CAMS certificate and ACAMS advanced certifications are recognized as industry leading in AML certifications across the world.
In fiscal third-quarter 2019, the Professional Education segment’s revenues grew 14.1% year over year, backed by 3% and 38.1% increase in revenues at Becker and ACAMS, respectively. Moreover, the segment’s operating income increased significantly to $5.1 million from the prior-year figure of $2.4 million.
Coming to price performance, shares of Adtalem have declined 3.8% so far this year against its Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.