Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities.
What is AML status?
Anti-money laundering (AML) refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
What is AML in job?
An anti-money laundering (AML) analyst monitors and reports signs of money laundering in a bank. ... Similar job titles include AML surveillance analyst, surveillance analyst, compliance AML analyst, and BSA/AML analyst.
How do I start a career in anti-money laundering?
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.
How do I become an AML specialist?
You must have a Certified Anti-Money Laundering Specialist (CAMS) accreditation, and we prefer that you have a bachelor's degree in finance or economics. Experience dealing with personal finance, whether as a financial analyst or in a portfolio management position, is also beneficial.
Are AML jobs in demand?
In a time wrought with concerns over security, it's no wonder that AML professionals are in high demand. ... There is also a lot of report writing involved in an AML career, so be sure to emphasize writing and communication skills as well as any analytical and investigative experience you may have.