Ammerman Earns ‘CAMS’ Anti-Money Laundering Credential

Clearfield PA – August 28, 2009

Thomas J. Ammerman, Jr., Assistant Vice President of BSA/Security for CNB Bank, was recently awarded the widely recognized CAMS credential by the Association of Certified Anti-Money Laundering Specialists, the world’s leading organization of professionals in the anti-money laundering (AML) field.

The CAMS (Certified Anti-Money Laundering Specialist) designation is awarded to professionals who successfully complete a rigorous examination demonstrating their aptitude and expertise in anti-money laundering detection and enforcement. The examination covers money laundering and terrorist financing methods, the best practices to stop these crimes, the key legislation in place worldwide, global AML standards and developing defenses for financial institutions to stop terrorist financing and money laundering. Over 4,000 members successfully passed the CAMS examination, which is prepared by an independent testing company in collaboration with anti-money laundering experts around the globe.

Earning the CAMS credential is a significant achievement for professionals in the AML field because it will provide their employers and business partners around the world with the assurance that they are working with someone with proven capabilities in this challenging field,” said Gregory Calpakis, Executive Director of ACAMS.

Mr. Ammerman began his career with CNB in 1986 as Messenger. Since that time he has held positions as Teller, Assistant Head Teller, and Head Teller/ Branch Manager of the Bank’s Cherry Street location, before becoming Loan Review/Buildings and Grounds Administrative Assistant. 

In 2000, Mr. Ammerman became Security Officer and Bank Secrecy Act Compliance Officer, and in 2007, was promoted to Assistant Vice President of BSA/Security. Mr. Ammerman is responsible for overseeing the physical security of all twenty-five branch offices of CNB; investigating cases of theft and fraud; training employees on security procedures; and ensuring compliance with Anti-Money Laundering and Bank Secrecy Act.

A native of Clearfield, Tom graduated from Clearfield Area High School in 1985. Since then he has earned a General Banking diploma from the Pennsylvania Banker’s Association/Professional Development Network and has attended various security and fraud investigation seminars. He presently resides in Clearfield with his children, Taylor and Luke.

Tom is a member of the Pennsylvania Bankers Association Security/Fraud committee.

Founded in 2002, ACAMS now has 8,000 members in over 100 countries. Since its founding, ACAMS mission is to provide a global platform for career development and networking for leading professionals in the AML field. ACAMS gives members the insight, information and inspiration they need to protect their institutions against the threat of money laundering and terrorist financing and the tools to advance their skills and reach their career objectives.

Based on strong, traditional values, CNB is dedicated to being the premier, financial services provider in the area, focused on the changing needs of people and businesses by providing the highest quality service.