Fincrime Career Tips and Tricks: How do you conquer compliance? Be an ‘information sponge’ beyond AML to look at broader fincrime investigation, prevention, deterrence fields.
Fincrime Career Tips and Tricks: How do you conquer compliance? Be an ‘information sponge’ beyond AML to look at broader fincrime investigation, prevention, deterrence fields. In this initiative, ACFCS is engaging the fincrime compliance community for wisdom and practical insights on how to enter and rise in a fulfilling but demanding and everchanging field of finding and fighting illicit finance around the globe.
We are asking minds across the spectrum and around the world of compliance officers, regulators and investigators to share some of their secrets to success, whether they have a background in anti-money laundering (AML) compliance, law enforcement investigations, cyber-enabled fraud and related arenas.
Some of the questions: How can you take the first steps launching a career during a pandemic?
And for those already working, how can you continue to develop professionally and take it to the next level with the goal of becoming indispensable to your current employer and irresistible when approaching future opportunities?
For this tip, we travel to the United States, to the Lone Star State of Texas, to get a glimpse of life through a convergent lens of fraud and anti-money laundering with the goal of preventing loss – to the institution and to protect customers.
Some tips for career success for Kolby Stewart, who has been at the institution for nearly six years: “Be an information sponge. Financial crime can take multiple forms. Therefore, preventing it must as well.”
As well, don’t wait to get exposed to different areas in an institution devoted to understanding and reporting on the schemes and scams that generate tainted value.
“If you are new to the field, remember to keep an open mind and take every opportunity to further your knowledge,” he said. “You never know when you might find the niche you are meant for.”
