Western Union’s Post

Anti-Money Laundering (#aml) and Know-Your-Customer (#kyc) initiatives are the hottest topics in #web3 right now. Organizations are getting sued for inadequate #compliance controls and politicians are obsessing over #crypto AML policy and procedure. But companies still limit their compliance spending... Leadership wants efficiency, employees want process familiarity, and customers want seamless onboarding. The only solution to this trilemma is hiring a competent Compliance Officer to implement robust processes that align with compliance controls and make other departments more efficient. This is the engine of the compliance vehicle.

Expanding my knowledge in AML Compliance! Yesterday, I attended an insightful webinar on AML Compliance Remediation Project Management. I gained valuable understanding of the importance of effective project management in ensuring successful AML compliance remediation. Continuous learning is essential in today's fast-paced regulatory landscape. I'm committed to staying up-to-date on the latest developments in AML compliance and enhancing my skills to support my organizations compliance efforts. #AMLCompliance #RemediationProjectManagement #ContinuousLearning #ComplianceProfessional

Summer is the perfect time to review your #AML compliance! If you've been putting it off, now's the time to act. Here are some steps to consider: ✔️Review your AML policies and procedures or adopt our AML Manual (free for AML HQ clients). ✔️Update your business risk assessment using our intelligent risk tool. ✔️Ensure employees receive annual AML refresher and log training via the AML HQ portal ✔️Recruit a summer admin resource to support an AML / CDD refresh exercise. ✔️ Our onboarding team are here to help, talk to us about our free bulk import service Book a quick 15 minute discovery call and learn how we can we manage all your compliance needs in one place, streamlining the AML process and saving you time and money. https://hubs.li/Q02BkspZ0 #AML #Compliance #SummerTasks #BusinessEfficiency

Hiring is hard and might be getting even harder. In a new survey. 55% of Gen Z respondents say they’re considering a career in the skilled trades, up more than 10% from last year. Don’t suffer while waiting for the right applicant. Hire a scalable AI AML compliance workforce instead. Our AI Digital Workers fulfill complete level 1 AML analyst job roles in functions like sanctions screening alert review and adverse media monitoring. Click here to learn how you can “hire” our AI agents: https://bit.ly/4ehc6xX #digitalworkers #futureofwork #automation #artificialintelligence #fintech #aml #sanctions #compliance #fincrime

How to effectively improve employee AML (anti-money laundering) awareness and participation: Firstly, provide comprehensive AML training. Organize regular AML-related training sessions covering regulatory requirements, red flag identification, reporting procedures, and tailored to different job roles to engage employees' practical interest. Use a combination of online and offline methods to ensure broad training coverage. Secondly, strengthen the employees' compliance mindset. Top management should lead by example and foster a strong compliance culture. Incorporate AML compliance into the regular performance review and promotion criteria, making employees deeply aware of its importance. Regularly communicate AML work achievements and case studies to enhance employees' sense of mission. Additionally, establish employee engagement platforms. Encourage employees to actively provide AML-related suggestions and feedback, and set up internal recognition schemes to commend outstanding AML contributions. Organize AML knowledge competitions, case sharing sessions, etc. to increase employee participation. Meanwhile, optimize the AML workflow. Simplify the reporting process to reduce employee operational costs. Leverage data analytics and automation technologies to improve AML work efficiency. Provide appropriate AML work support to alleviate employees' workload. Finally, cultivate a positive corporate culture. Emphasize the importance of ethical conduct and integrity, and build an organizational environment conducive to compliance. Focus on work-life balance to strengthen employees' sense of belonging. By taking a multi-faceted approach, you can effectively mobilize employees' proactivity, enabling AML work to be truly implemented and achieve the desired outcomes. #AML

𝐓𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐊𝐘𝐂 𝐭𝐨 𝐠𝐥𝐨𝐛𝐚𝐥 𝐊𝐘𝐂 𝐰𝐢𝐭𝐡 𝐚 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐀𝐌𝐋 (𝐀𝐧𝐭𝐢-𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠) 𝐢𝐬 𝐚 𝐠𝐫𝐞𝐚𝐭 𝐜𝐚𝐫𝐞𝐞𝐫 𝐦𝐨𝐯𝐞! 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐬𝐭𝐞𝐩𝐬 𝐚𝐧𝐝 𝐫𝐞𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞 𝐭𝐡𝐢𝐬 𝐬𝐡𝐢𝐟𝐭: 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐚𝐧𝐝 𝐒𝐤𝐢𝐥𝐥𝐬 1. 𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅 𝑮𝒍𝒐𝒃𝒂𝒍 𝑹𝒆𝒈𝒖𝒍𝒂𝒕𝒊𝒐𝒏𝒔: Familiarize yourself with international AML regulations such as the USA PATRIOT Act, EU AML Directives, and FATF Recommendations. 2. 𝑻𝒆𝒄𝒉𝒏𝒊𝒄𝒂𝒍 𝑺𝒌𝒊𝒍𝒍𝒔: Gain proficiency in AML software and tools used for transaction monitoring, customer due diligence (CDD), and suspicious activity reporting (SAR). 𝐂𝐨𝐮𝐫𝐬𝐞𝐬 𝐚𝐧𝐝 𝐂𝐞𝐫𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝟏. 𝑪𝒆𝒓𝒕𝒊𝒇𝒊𝒆𝒅 𝑨𝒏𝒕𝒊-𝑴𝒐𝒏𝒆𝒚 𝑳𝒂𝒖𝒏𝒅𝒆𝒓𝒊𝒏𝒈 𝑺𝒑𝒆𝒄𝒊𝒂𝒍𝒊𝒔𝒕 (𝑪𝑨𝑴𝑺): This is a globally recognized certification that covers AML laws, regulations, and best practices. 𝟐. 𝑪𝒆𝒓𝒕𝒊𝒇𝒊𝒆𝒅 𝑮𝒍𝒐𝒃𝒂𝒍 𝑺𝒂𝒏𝒄𝒕𝒊𝒐𝒏𝒔 𝑺𝒑𝒆𝒄𝒊𝒂𝒍𝒊𝒔𝒕 (𝑪𝑮𝑺𝑺): Focuses on global sanctions compliance. 𝟑. 𝑫𝒊𝒑𝒍𝒐𝒎𝒂 𝒊𝒏 𝑨𝒏𝒕𝒊 𝑴𝒐𝒏𝒆𝒚 𝑳𝒂𝒖𝒏𝒅𝒆𝒓𝒊𝒏𝒈: Offered by various institutions, this provides in-depth knowledge of AML practices. 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝟏. 𝑱𝒐𝒊𝒏 𝑷𝒓𝒐𝒇𝒆𝒔𝒔𝒊𝒐𝒏𝒂𝒍 𝑨𝒔𝒔𝒐𝒄𝒊𝒂𝒕𝒊𝒐𝒏𝒔: Organizations like the Association of Certified Anti-Money Laundering Specialists (ACAMS) offer networking opportunities, resources, and events. 𝟐. 𝑨𝒕𝒕𝒆𝒏𝒅 𝑪𝒐𝒏𝒇𝒆𝒓𝒆𝒏𝒄𝒆𝒔 𝒂𝒏𝒅 𝑾𝒆𝒃𝒊𝒏𝒂𝒓𝒔: Participate in industry events to meet professionals and stay updated on the latest trends and regulations. 𝐈𝐧𝐭𝐞𝐫𝐯𝐢𝐞𝐰 𝐏𝐫𝐞𝐩𝐚𝐫𝐚𝐭𝐢𝐨𝐧 𝟏. 𝑼𝒏𝒅𝒆𝒓𝒔𝒕𝒂𝒏𝒅 𝒕𝒉𝒆 𝑹𝒐𝒍𝒆: Research the specific requirements and responsibilities of global KYC/AML roles. 𝟐. 𝑴𝒐𝒄𝒌 𝑰𝒏𝒕𝒆𝒓𝒗𝒊𝒆𝒘𝒔: Practice with peers or mentors to get comfortable with common interview questions. 𝟑. 𝑪𝒂𝒔𝒆 𝑺𝒕𝒖𝒅𝒊𝒆𝒔: Be prepared to discuss case studies or scenarios related to AML compliance. 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐢𝐩𝐬 𝟏.𝑺𝒕𝒂𝒚 𝑼𝒑𝒅𝒂𝒕𝒆𝒅: Regularly read industry publications and follow relevant news to stay informed about changes in global AML regulations. 𝟐. 𝑩𝒖𝒊𝒍𝒅 𝒂 𝑺𝒕𝒓𝒐𝒏𝒈 𝑹𝒆𝒔𝒖𝒎𝒆: Highlight your experience in domestic KYC, emphasizing transferable skills and any relevant projects or achievements. 𝑩𝒚 𝒇𝒐𝒄𝒖𝒔𝒊𝒏𝒈 𝒐𝒏 𝒕𝒉𝒆𝒔𝒆 𝒂𝒓𝒆𝒂𝒔, 𝒚𝒐𝒖’𝒍𝒍 𝒃𝒆 𝒘𝒆𝒍𝒍-𝒑𝒓𝒆𝒑𝒂𝒓𝒆𝒅 𝒕𝒐 𝒕𝒓𝒂𝒏𝒔𝒊𝒕𝒊𝒐𝒏 𝒊𝒏𝒕𝒐 𝒂 𝒈𝒍𝒐𝒃𝒂𝒍 𝑲𝒀𝑪/𝑨𝑴𝑳 𝒓𝒐𝒍𝒆. 𝑮𝒐𝒐𝒅 𝒍𝒖𝒄𝒌 𝒘𝒊𝒕𝒉 𝒚𝒐𝒖𝒓 𝒄𝒂𝒓𝒆𝒆𝒓 𝒔𝒉𝒊𝒇𝒕! 𝑰𝒇 𝒚𝒐𝒖 𝒉𝒂𝒗𝒆 𝒂𝒏𝒚 𝒔𝒑𝒆𝒄𝒊𝒇𝒊𝒄 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏𝒔 𝒐𝒓 𝒏𝒆𝒆𝒅 𝒇𝒖𝒓𝒕𝒉𝒆𝒓 𝒈𝒖𝒊𝒅𝒂𝒏𝒄𝒆, 𝒇𝒆𝒆𝒍 𝒇𝒓𝒆𝒆 𝒕𝒐 𝒂𝒔𝒌. #LinkedInGroup #Community #Opportunity #HiringNow #KYC #AML #Banking #TopVoice #Linkedintopvoice #Topproductmanagementvoice #careerchange #careertransiction #remotejob #InterviewPrepration #networking #certification #knowledge #skill

I saw this earlier and wanted to share as it resonates with me. Early in my career I was asked if I wanted to learn, "AML" and create a compliance program. I promptly said yes and then asked, "What's AML?". This is a great reminder that sometimes, saying yes to new opportunities can lead to growth and success. Don't be afraid to take on challenges outside of your comfort zone - you might surprise yourself with what you can accomplish. #ProfessionalGrowth #NewOpportunities #ChallengeYourself #MotivationalMonday

Let’s face it—the market for AML and KYC roles is tough right now. Hundreds of applicants for each role, and often little to no feedback. Automation, uncertainty, and cost-cutting have led to an oversupply of KYC professionals. So, what can you do? Upskilling is a great option, but where to start? Think about what excites you—fraud, 2nd line financial crime, compliance advisory, sanctions? Focus on that. Experience often outweighs qualifications, so how do you gain it? 🔥 Reach out to your network for short-term projects or volunteering. These gigs can give your CV and interactions a boost. ⚡️ If you're already in a role, show an interest in other departments. 🚀 Networking is key—attend free face-to-face events and roundtables. MLROs and Heads of Compliance often scout for talent at these gatherings, giving you a chance to bypass the usual application process. 💥 Explore free courses or certifications to test your interest in new areas. Stay on top of new regulations and technology. Upskilling doesn’t need to be overwhelming. Start small, stay consistent, and lean on your network—you might be surprised at how quickly doors open.

Circle is hiring a remote Director, Sanctions Compliance #Circle #remotework #remotejob #workfromhome #SanctionsRisks #ComplianceManagement #Regulatory #OFAC #Sanctions #RiskAssessment #DataAnalysis #PolicyDevelopment #ComplianceOperations #KPIs #Fintech #Screening #CrossFunctionalTeamManagement #Slack #MacOS #GSuite #Blockchain #DirectorOfSanctions

PEP Related Inteview Questions📝🖇️ In basic terms, a Politically Exposed Person is someone who, through their prominent position or influence, is more susceptible to being involved in bribery or corruption. In addition, any close business associate or family member of such a person will also be deemed as being a risk, and therefore could also be added to the PEP list. Follow the KYC AML With Siddarth channel on WhatsApp: https://lnkd.in/g4Pnw-KA For Next Batch Of KYC AML Training See Below Post For Details: https://lnkd.in/gFYwsPRK