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Old 18-10-2021, 11:20 PM
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Originally Posted by Unregistered View Post
AML is lawyer meh? You tell me lah. Just describing the org structure at all the banks I have worked at.

Compliance and AML/CDD are separate departments, one has legally trained officers and a head of dept who is a lawyer by profession, and the other is helmed by aunties who just spent a long time there. Quite obvious to see where the money is.
lol you're obviously not in the compliance field. just do a job search for compliance officer and you will see the job scope ranges from liaising with regulators to drafting of AML/KYC policies. position titles may differ in companies. i've seen companies having preference for head of compliance to have a law degree, however it is also common for people who have worked in MAS to be recruited due to their understanding of regulations and dealings with regulators. being a lawyer is not a must.

i have a friend who is now heading the compliance department for a fintech company and his kah kias, in your term the "junior compliance officers", are not required to be legal trained and did AML/CDD in their previous roles.


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