Skills an anti-money laundering consultant should possess
An AML consultant is a professional who provides advice to clients on how to comply with the laws and regulations to prevent financial terrorism, money laundering and so on. They might work for consulting firms, government agencies, financial institutions, or law firms. They investigate or monitor suspicious financial transactions. Companies without an anti-money laundering consultant are more vulnerable to AML penalties. What skills should an anti-money laundering consultant have? Understanding of the firm’s business A good AML consultant should have worked inside the company to understand the firm business. This allows them to be well-versed in the goods and services of the company. Therefore, they can better understand the anti money laundering compliance protocols. Communication skills An anti-money laundering consultant usually works in teams; therefore they should be able to communicate well with the other members of the team. A good consultant shoul...