How much do AML compliance officers make?

The salaries of BSA/AML Compliance Officers in the US range from $53,850 to $169,940 , with a median salary of $104,850 . The middle 60% of BSA/AML Compliance Officers makes $104,850, with the top 80% making $169,940.

What does an AML officer do?

What Does an AML Compliance Officer Do? An AML Compliance Officer’s primary professional focus falls on the internal systems and controls that their institution puts in place to help detect, monitor and report money laundering activities to the authorities.

What is the money laundering Control Officer?

The money laundering control measures in terms of the FIC Act impose certain obligations on financial and non-financial accountable institutions, such as the duty to provide training to its employees and to appoint a compliance officer.

How do I become an anti money laundering officer?

If you suspect criminal activity, you’ll start the process of investigation. You’ll create a case file and working with AML Officers to further investigate the customer and their actions. To get this job, you’ll need a Bachelor’s degree or at least 3 years of experience in banking Risk & Compliance.

What is the best anti money laundering certificate?

Certified Anti Money Laundering Expert(CAME) is the best compliance certification. It’s like C.A. is for accountants & C.F.A is for finance folks. CAME is termed as the crown jewel of compliance certifications. This certification has significant value in market for both domestic and International AML/KYC processes.

Who is anti-money laundering officer in bank?

An anti-money laundering compliance officer is the person who manages preventing money laundering programs and processes of companies under the obligation. The AML officer manages the company’s internal and external control processes and works to ensure the company’s compliance.

Is KYC a good career?

“Because the field of finance is quite varied, there are several opportunities for KYC professionals to grow. A graduate starting in a KYC Analyst position can therefore count on exciting career and growth opportunities within the financial services industry”.

How much do AML compliance officers make? The salaries of BSA/AML Compliance Officers in the US range from $53,850 to $169,940 , with a median salary of $104,850 . The middle 60% of BSA/AML Compliance Officers makes $104,850, with the top 80% making $169,940. What does an AML officer do? What Does an AML Compliance…