The award-winning Career Guidance column features articles on networking, self-employment, advancement, interviews, resume tips and more.
Our regular contributor is award-winning Sanjeev Menon, managing director at Madison Davis. If you would like to contribute to this column or have any topics you would like to suggest, email editor@acams.org.
Throughout my career, I have been blessed to be associated with many outstanding and dedicated professionals. My post-college work experience in the public and private sectors has now spanned the better part of 45 years. I served in the U.S. government for 31 years...
You have created a stellar resume by using the tips provided in the article titled “Resume Tips for the AML Professional”1 and you have followed that up with a proactive marketing strategy as recommended in the article “Marketing 101: How an AML Professional can Increase...
As the world moves to an increasingly automated and technologically advanced environment, the best and most sophisticated systems will not improve efficiency if the people using those systems have inadequate skills, knowledge, or experience. Highly effective and well-trained anti-money laundering (AML) professionals who can...
The anti-money laundering (AML), counter-terrorist financing (CTF) and anti-financial crimes industry is booming. The evolving regulatory landscape, technological advances and new schemes create an environment where experienced industry compliance professionals are in demand. In this case, the demand is creating its own supply. New professionals...
Staffing changes are a fact of life, not only for hiring managers but for the employees who seek new employment. Within the anti-money laundering (AML) profession, it is critical for employers to hire the most qualified individuals. Not only is the success of the AML...
Congratulations! You have just become part of what is perhaps the fastest growing and hottest profession in the world! Money laundering compliance officers (MLCOs) are highly sought-after professionals and quite scarce. I am certain you are already overwhelmed with both the challenges and the prospects...
A serious challenge facing small and mid-sized financial institutions is the loss of talented, experienced compliance personnel to competing organizations offering significantly higher salaries and more attractive benefits. It can be frustrating when a sizable amount of time, money and effort goes into the...
External movement has become increasingly commonplace in the compliance field in recent years. As banks and financial services firms suffer the ramifications of insufficient compliance investment, many are spending heavily in recruiting the strongest talent, often reaching outside of their institution. The trickle-down effect...
Tip #1 Because money laundering often involves transactions through one or more financial institutions, financial institutions are a prime target for anti-money laws and regulations. But it is evident from a quick glance at AML's two main regulations (the Bank Secrecy Act1 and the USA...
Financial institutions are now recognizing that the skills developed to fight money laundering can be applied in a much broader arena. Articles and seminars offered by ACAMS have described the benefits of combining or coordinating an institution's AML program with fraud prevention. The ability to...
