Which professions should receive AML certification?


Which professions should receive AML certification?


The financial sector is evolving at a rapid pace, with new technologies emerging regularly to offer additional features and faster transactions. At the same time, government agencies in different countries require financial companies to comply with AML policies and have a certified specialist on this issue on staff. If you are interested in this profession, you need to obtain an AML certification. Today, we want to highlight several professions that should receive this document in order to have more opportunities for career development.

What is AML certification?

The AML policy is a special programmed within the company, which includes a regulatory framework to combat money laundering. For this sector to be regulated by competent specialists in compliance with all requirements, they need AML certification. Huge organizations in any field of activity and direct companies, including:

  • banks;
  • financial providers;
  • investment funds;
  • brokerage and dealer companies;
  • stock exchanges.

AML courses will introduce various strategies and practices preventing and detect criminal activity in transactions. In addition, specific examples of illegal activities and methods that have solved this problem will be provided. Certified specialists will be much more effective at monitoring the legality of all financial flows and preventing the potential risks of unauthorized transactions.

The presence of a certified specialist in the organization will help maintain the company’s reputation and attract many companies that value honesty and reliability of partnership to cooperate. It is better to protect yourself in advance from the activities of criminals and not hope that this will never happen in your organization.

Professions that require the document

The head of a firm may only sometimes seriously think that some employees may need certification. They believe that if a financier, auditor, or barrister, solicitor is on staff, there is no need for additional training related to money laundering. But that’s not true. A standard training base in the financial or legal field will never be able to provide the necessary knowledge related to crimes and identifying illegal schemes.

Consequently, a number of professions will definitely require certification if the head of the company wants to have a competent employee to regulate the legality of financial transactions. Let’s list these professions:

  • accountants;
  • employees of the banking sector;
  • employees of companies associated with cryptocurrency activities;
  • financiers and economists;
  • tax service employees;
  • heads of financial institutions and their deputies;
  • lawyers.

All employees of these professions are required to be able to understand various financial schemes and promptly and competently counter illegal methods of conducting transactions. People must be able to analyst and draw the correct conclusions at any stage of a financial scheme and understand the behavioral psychology of potential business partners.

Benefits of Certification

Having an AML certificate benefits both the employee and the employer who has such an employee or AML department.

Each employee occupying one of the positions (listed above) will have more profound knowledge that will allow them to perform his duties competently. In addition, a certified specialist who plans to find a decent job will be in more demand amongst employers compared to those specialists who do not have such a certificate. Thus, for a job seeker in the financial sector, certification will give the best start at the starting of the career. For people with experience, it will significantly increase their knowledge.

The head of a company with a certified AML specialist on staff will be better protected from illegal financial transactions that can lead to negative consequences of the company’s activities: bankruptcy, theft of money from accounts, litigation, and the like. In addition, the risks that the company may begin cooperation with suspicious and dishonest partners are minimized. A qualified AML officer will be able to promptly detect questionable actions of a business partner or identify illegal financial transactions within the company.


Almost any organization must have at least one employee with an AML certificate. It is because even the smallest company has a chief accountant, and larger ones have an accounting department, a financial director, and a barrister, solicitor. The risk of money laundering increases several times. Therefore, an AML certificate from a specialist will reduce money laundering risks.