The United States' Financial Crimes Enforcement Network (FinCEN) has imposed a civil penalty of $100,000 on a former compliance officer for serious violations of the hashtag Bank Secrecy Act (BSA).
Don’t risk your business.
Compliance officers hold a four-year bachelor's degree. They might begin with a bachelor's degree program connected to their preferred industry.
The European Banking Authority (EBA) has launched a consultation on AML/CTF officers' roles, responsibilities, and tasks.
The primary method to be used when fighting AML is to keep the staff up to date with training and to increase their awareness. There are many points to be considered in this training.
A certificate of compliance is a contractual paper verifying that specific criteria have been accomplished. It is a formal declaration that an individual or organization has met a set of requirements.
Funded by The Regtechtimes AML Academy (RT Academy), CAMI-Certified Anti Money Laundering Investigation (CAMI) is the leading AML enforcement certification program.
The Certified Financial Crime Specialist (CFCS) is a certification to prepare professionals with diverse skills and broad-based knowledge across the financial crime spectrum.
The CAMS certificate is a highly recognized and respected designation in the field of AML. The certificate demonstrates a deep understanding of AML principles and practices and is a testament to the individual's commitment to upholding high standards of ethics and professionalism in their work.
Explore the essential skills and qualities of successful compliance officers. This blog breaks down the key competencies and knowledge needed for a career in compliance.