Increasing globalization and exponentially growing transaction flows have increased the success rate of financial crime. The financial sector and other actors with access to the financial system (lawyers, accountants, etc.) together with national authorities form the national and international defense against the misuse of the financial sector for money laundering and terrorist financing.
An effective defense requires a broad-based knowledge of the complexity of the criminal world, their methods, as well as all partners, standards, international regulation and an in-depth understanding of risk-based compliance.
Need for knowledge and a common language
This complexity makes it essential to have experts who can navigate in an environment where legislation is constantly evolving and technological advances create new risks. Therefore, there is a growing need for professionals with specialized knowledge in AML who are up to date with the latest knowledge and can identify and manage the risks that companies face in relation to money laundering.
At CBS, we have developed 2 AML certifications - and more are on the way - which aim to equip managers and specialists to solve the challenges we face in the fight against money laundering and terrorist financing.
