Is anti-money laundering a good career?

According to the Bureau of Labor Statistics, the career outlook for financial analysts including anti-money laundering analysts is projected to grow 6% between now and 2028. This growth rate is on par with other occupational job outlooks.

How do I become an anti-money laundering officer?

To get this job, you’ll need a Bachelor’s degree or at least 3 years of experience in banking Risk & Compliance. A Bachelor’s degree in research, business, accounting or criminal justice will help you get the job.

What does an anti-money laundering investigator do?

An anti-money laundering analyst, also known as an AML analyst or AML surveillance analyst, has multiple responsibilities, including helping monitor and limit suspicious bank transactions. They often provide identification services for a bank or other financial institution to reduce the risk of a bad transaction.

Why is anti-money laundering training important?

“What is the purpose of AML training?” AML training must equip employees with sufficient knowledge to effectively recognise red flags and suspicious activity. Employees must be aware of their legal obligations to recognise and report suspicious activity.

How do I become a good AML investigator?

The Top 6 Qualities that Make an AML Analyst GREAT!

1. Ability to think outside of the box.
2. Be detail-oriented and organized.
3. Keep the financial system in mind when conducting reviews and think multiple steps ahead.
4. Be independent.
5. Stay current with industry trends.
6. Have patience.

How do I become a BSA analyst?

There is no official academic qualification necessary for the position, but you must show a proficient knowledge base of all rules and regulations relating to the Bank Secrecy Act as well as additional requirements added to the act, such as Anti-Money Laundering (AML) regulations and the Patriot Act.

Which employees should be trained in AML?

While all employees should be mandatorily trained on general AML requirements and guidance, a more targeted training program should be implemented for individuals who can directly impact the bank’s ML efforts, i.e., personnel with direct customer contact, compliance and audit personnel, senior management and board of …

How much is the Acams exam cost?

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