Academic journal article ABA Banking Journal

ABA Offers New Financial Crimes Management Certification

Academic journal article ABA Banking Journal

ABA Offers New Financial Crimes Management Certification

Article excerpt

As bankers face constantly evolving threats of fraud and a challenging regulatory environment, ABA's Institute of Certified Bankers recently unveiled a new training curriculum and professional certification program for fraud and anti-money laundering to help bankers to deepen their knowledge and stay on top of current trends.

The Certified AML and Fraud Professional (CAFP) certification takes a holistic approach to financial crimes, encompassing both AML and fraud. The program draws on bankers' practical experience In complying with U.S. banking laws and regulations, as well as their ability to detect, assess and respond to a variety of financial crimes. The certification positions bankers to be financial crimes leaders within their Institutions.

"Today's heightened threat environment and regulatory landscape have amplified the need for bank professionals to demonstrate a proven ability to detect and quickly address the complex criminal risks that Institutions face each and every day," says ABA EVP Jim Edrington. "Bankers who earn the CAFP credential will serve as a true 'line of defense' within the Industry and distinguish themselves as leaders In the prevention of money laundering and fraud crimes. …

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