AML/Compliance/KYC professionals come in!

Originally Posted by Unregistered

Can anyone advise how to get into Sanctions compliance?
Is KYC experience enough?

Yes. KYC is a general compliance route and is highly diversified into other area of compliance. Have friends going into advisory, sanctions or compliance control after 2,3 years so i think its possible. I am in the industry and KYC is highly sought after now since i am always getting calls for recruiters offering me 20-30% increment. Like my current work place so i did not take up those offers. I would say KYC is a good first step into compliance advisory but hard work is required.

Originally Posted by Unregistered

I googled mthree they seem pretty legit. i have been getting updates from them and they told me the final decision will be made before friday this week. Did anyone else get confirmed by them already?

Heard from my frenz working in DB that they are ramping up compliance department and have been paying top dollars and bonuses to get the right people. So i suppose conversion of all 33 headcounts into perm after 2 yrs is def possible. AML would also continue to be a main focus for the industry

Originally Posted by Unregistered

Yes. KYC is a general compliance route and is highly diversified into other area of compliance. Have friends going into advisory, sanctions or compliance control after 2,3 years so i think its possible. I am in the industry and KYC is highly sought after now since i am always getting calls for recruiters offering me 20-30% increment. Like my current work place so i did not take up those offers. I would say KYC is a good first step into compliance advisory but hard work is required.

Your 20-30% is for which role they offer u?KYC in another bank?

FYI, KYC is not compliance, but ops which can be done by cheaper FT. But a lot of KYC ppl like to put on resume and linkedin that they are in compliance, which is just consoling themselves that they are in compliance, which i believe u r one of them.

Secondly, so many KYC ppl in the market, very difficult to climb into compliance. Those who stay in KYC at most can be Team lead of KYC.


The real compliance is advisory and regulations and AML risk assessment.

So get your facts right about KYC and compliance.

Originally Posted by Unregistered

I got invited by mthree as well. They they get back to you after the interview?

Yes, they have been sending me updates. Did you ask what will happen after 2 years?
They said all of us will be converted if possible but how can the bank have so many headcounts?

Originally Posted by Unregistered

Heard from my frenz working in DB that they are ramping up compliance department and have been paying top dollars and bonuses to get the right people. So i suppose conversion of all 33 headcounts into perm after 2 yrs is def possible. AML would also continue to be a main focus for the industry

Oh. Then this is good news. Haha. Would you advise to get a compliance diploma which cost $7k but 70% subzidize by govt if pass? Cause my plan is to get into operations then transfer to compliance. (If i cant find a compliace job)

Originally Posted by Unregistered

Yes, they have been sending me updates. Did you ask what will happen after 2 years?
They said all of us will be converted if possible but how can the bank have so many headcounts?

I didnt ask about that. My last update was that they hope to give us the final decisikn by today. Have not heard from him yet though. Did he ask for ur details to start the ball rolling for admin?

Originally Posted by Unregistered

I didnt ask about that. My last update was that they hope to give us the final decisikn by today. Have not heard from him yet though. Did he ask for ur details to start the ball rolling for admin?

Any reply?

Originally Posted by Unregistered

Any reply?

Nope not yet. what about you??

Originally Posted by Unregistered

Nope not yet. what about you??

I got a email stating that they have selected me to be put forward as part of the suggested Anti-Financial Crime Team.

However, the process from here is to discuss this with DB, who will look to meet with a few of the team before training begins.

Originally Posted by Unregistered

I got a email stating that they have selected me to be put forward as part of the suggested Anti-Financial Crime Team.

However, the process from here is to discuss this with DB, who will look to meet with a few of the team before training begins.

When did u get this email? Ah **** means i might have been dropped.