r/moneylaundering

Is it possible that money mules are not aware that theyre being used for money laundering?

What types of businesses receive the most AML scrutiny?

So this is the first time I've seen one of these alerts but it mainly triggered because of a member's phone number matching an ad on several known sex worker websites.

Does anyone know how legitimate this type of alert is? Are these usually false red flags (someone stole our member's number and is using it for their ad?) Or is there any legitimacy to them and how would you go about looking into them?

Any help is appreciated. Thank you :)

Hi All,

I have just shifted to Ireland and looking for jobs in financial crime. I’m Portuguese national , though my experience is of Indian Banks, have total 12 years of experience across AML and Fraud in financial sector.

Looking for guidance, other than LinkedIn how else to reach out for jobs. And how realistic is the job market in this sector. I’m willing to relocate to any location.

My experience till now has been that people who post about jobs do reply once on LinkedIn but nothing concrete.

Is there any job fair or consulting agency which could help better, requesting guidance and any lead you may have.

Thanking in advance.

I have 8 years of experience in AML and compliance. 8 years ago, when I saw that many things were heading toward automation, I was convinced that AML wouldn’t be affected by this, given that you always need a human to perform risk assessment. Because of that, I fled from operational teams to compliance, where the duties are completely different. However, now I see that the job market is heavily stagnating due to company restructuring, and on top of that, I see AI being introduced very aggressively wherever possible. Another pain point of this sector is that even though you need to know a lot in the AML field, the salaries aren’t that attractive.

How do you see the future of this industry, and is anyone considering a career change? I’m afraid of what will happen in 10, 15, 20 years, or even further out, given the pace of automation, AI adoption, and the transfer of processes to countries with low labor costs, such as India or the Philippines.

I got worried because it is difficult to find a new job right now, there are very few offers and too many candidates…

I’ve been studying for a little over a month. During that time, I’ve watched all the training videos and read the study materials. For the past 30 days, I’ve consistently completed 50 practice questions daily, maintaining an average score of around 90%.

Last week, I took a full 120-question mock exam and scored 114/120 (95%). More recently, I’ve been working through ExamTopics questions and scored 90/100 today.

Based on these results, do you think I’m ready to sit for the ACAMS exam, or should I spend more time reviewing before scheduling the test?

Hi there, I have a bit of background to share. I’m a law graduate and currently work as a senior analyst in a fintech company. My role involves legal compliance, specifically dealing with AML, BSA, privacy, and other related matters. I’ve been in this industry for over seven years now.

However, I’m not seeing much advancement in my current position. I’m wondering if obtaining a CRCM after completing ACAMS would help me progress in my career. I’m curious to know how you managed to get managerial or second-line defense roles, or even advisory positions.

I’m pretty new to the aml space and learning everything about anti money laundering stuff so bear with me if I don’t know some terminology. I’m 24 m and I have about a year and 7 months in retail banking and I’m ready for a step up in my career. Just a couple weeks ago I found out what acams was and found it very interesting. I did some research and found that some companies don’t even require any cert to be considered and they way rather see experience more than anything. I’m not sure if that’s for an entry level or if it just depends on the company. Now, I have some money saved up and if need be I can pay for acams out of pocket (my bank does not cover for acams), but if it’s unnecessary I’ll just apply to positions without it. Would love to hear anyone’s experience on this, some “I wish I would’ve known” anything will honestly help cuz I feel a little lost with all this.

Hello, so I bought the cams course in the beginning of this April and since then I am learning it and preparing for the certification exam.

I scheduled my exam, the date is soon and my question is to the people that have completed it. What kind of results were you guys having in the exam simulator? I did 3 exam simulator tests which were like 1-2 weeks apart from each other and they are similar in scores. The first one is 106/120 the second one 105/120 and the last one is 107/120 (all of them are 88-89%). I have watched all of the video materials as well as the text files and I have taken notes on every lesson.
I have a little over 4 years experience in the AML field.
I would be thankful if you can share your opinion based on the three exam simulator tests which I have taken so far. Thank you!

I need to raise $5k by August 1st. I cannot do a Go Fund Me, my credit is crappy, and before you ask I work full time.

Does anyone have any suggestions that does not include Lonely Bans or donating plasma?

Lets just say i have 7 digits in bitcoin on a few wallets and i want it to be legal tender,

How do i get it to be legal tender in a safe and reliable way, i dont care if it takes up
to 5 years