Effective July 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued a final rule clarifying Customer Due Diligence (CDD) requirements. Covered financial institutions must be in compliance with the final rule by May 11, 2018. However, there is uncertainty as to whether the benefits of greater emphasis on CDD will outweigh the costs of implementing… Read more »
Posts Tagged: AML Compliance Jobs
Are You Settling for “Good” in Your Financial Compliance Career?
If you’ve been with the same company for a while, you probably feel settled in your financial compliance job. As comforting as that may feel, you could be missing out on something that may help you feel even greater fulfillment. Here are some tips for determining whether you’re happy with your career or need a… Read more »
Explain the Importance of a Suspicious Report to Your Entire Compliance Staff
Organized crime relies on money transferred among people in various countries. Funds are often used to promote further criminal activity such as terrorist acts, drug use or human trafficking. However, compliance officers in financial organizations are on the frontline to help stop these criminal behaviors. Find out how to explain the importance of a suspicious… Read more »
You Aren’t Looking for a Job but a Recruiter Called You. Now What?
As a highly trained professional, companies are competing to have you work for them. However, you may not be ready to change positions right now. Here are some suggestions on what to do if a recruiter calls and you aren’t looking for a job. Call the Recruiter Back When you have a few moments away… Read more »
Report: Culture More Important Than Checklists in Financial Compliance
With additional financial compliance regulations being enforced, it’s increasingly important that employees at all levels adhere to a company’s ethics and compliance program. However, it’s no longer enough simply having those programs in place. Find out how corporate culture plays a vital role in enforcing an ethics and compliance program within an organization. Compliance Programs… Read more »
Can’t Find a Finance Job? 5 Mistakes You Didn’t Know You Were Making
Chances are you’re searching for your next financial role, but not having any success. Perhaps you’re not being called in for interviews or hearing back after meeting with a hiring manager. Here are five mistakes you may be making that are preventing you from securing a new position. Lacking a Plan When you lack a… Read more »
Overcome the “Youth Can’t Lead” Attitude
Although increasing numbers of millennials are entering the workforce, many employers believe they’re not equipped for leadership roles. Here are four ways you can show you’re able to lead at any age. Discover Problems and Create Solutions As a leader, you’re expected to solve problems as they occur and make every effort to prevent them… Read more »
Are You Making a Career Change for the Right Reasons?
There will be times when you need to decide whether you should keep your current job or move to another position. Since this decision affects every aspect of your life, it’s important you allow clear thought and planning before making your choice. Follow these guidelines when deciding whether you’re making a career change for the… Read more »
Making Too Many Decisions – Is It Possible?
When you take on the responsibility of making all business decisions yourself, your company suffers. Here are some reasons why and how you can change your outcome by asking for help. Making Bad Choices Affects Business When you’re making too many decisions on your own, you end up making bad ones that negatively affect your… Read more »
What Builds an Effective Whistleblower Program?
A whistleblower program can be an effective method for stopping fraudulent activities, although not many companies utilize such a program. Here are some steps to take in building an effective whistleblower program, and how they benefit businesses. A Whistleblower Program Should Encourage Early Reporting An effective whistleblowing program should include reporting financial fraud early and within… Read more »