How to become an Anti-Money Laundering Specialist

Anti-Money Laundering Specialists monitor, investigate and report suspicious financial activity. They often use digital tools to better understand financial transactions and identify trends. They provide independent expertise, testing and recommendations for improvement and compliance.

Personal requirements for an Anti-Money Laundering Specialist

  • Strong analytical skills
  • Ability to quickly identify risks and make decisions
  • High attention to detail
  • Good written communication skills
  • Excellent teamwork skills

Education & Training for an Anti-Money Laundering Specialist

You will usually need a degree in finance or business management and experience working in the field before moving into the specialisation of anti-money laundering. A postgraduate qualification in anti-money laundering and counter-terrorist financing may also be required. You may also wish to pursue a Certified Anti-Money Laundering Specialist (CAMS) accreditation by the Association of Certified Anti-Money Laundering Specialists. CAMS is globally recognised by governments and financial institutions.


Duties & Tasks of an Anti-Money Laundering Specialist

Anti-Money Laundering Specialists:

  • Support compliance teams by interpreting regulations and meeting requirements driven by external and internal parties
  • Conduct risk assessment and investigation of anti-money laundering events to determine an appropriate course of action
  • Make recommendations to management and relevant business units based on the outcome of investigations
  • Provide recommendations to the management for new business rules to increase the effectiveness of policies and processes
  • Stay up to date with emerging global trends and issues in finance and anti-money laundering through effective research and analysis.

Working conditions for an Anti-Money Laundering Specialist

Many financial organisations hire Anti-Money Laundering Specialists as auditors and compliance agents.


Employment Opportunities for an Anti-Money Laundering Specialist

Anti-Money Laundering Specialists work in both the public and private sector.


Specializations

Anti-Money Laundering Specialist

Anti-Money Laundering Specialists monitor, investigate and report suspicious financial activity. They often use digital tools to better understand financial transactions and identify trends. They provide independent expertise, testing and recommendations for improvement and compliance.

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