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AML/Compliance/KYC professionals come in!

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  #1481 (permalink)  
Old 09-08-2021, 09:00 PM
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TM roles, you need data analytics to do well. It will be replaced by AI eventually.
Thanks for sharing, could you provide some real examples of the use of analytics in transaction monitoring? What tools may be used?

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  #1482 (permalink)  
Old 31-08-2021, 06:26 PM
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TM roles, you need data analytics to do well. It will be replaced by AI eventually.
You clearly don't know what you're talking about. Analytics is used to enhance efficiency in TM/NS processes such as reducing false positives. How on earth will AI replace CDD / TM analysts? Imbeciles who don't know **** about the tech always coming up with cretinous vague projections like these without giving any specific details.

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  #1483 (permalink)  
Old 01-09-2021, 11:13 AM
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Hi, i am working in the logistic industrial for 8years.

just grad from my private degree in business management.

really interested to join this AML industrial, tried sending many resume to sgunited but no response them.

anyone have advise how do i get in or any cert that have funding to sign up?



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  #1484 (permalink)  
Old 01-09-2021, 11:45 AM
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Hi, i am working in the logistic industrial for 8years.

just grad from my private degree in business management.

really interested to join this AML industrial, tried sending many resume to sgunited but no response them.

anyone have advise how do i get in or any cert that have funding to sign up?
Check out s://.acams.org/en/certifications/cams6-sg-ibf-level-2-program where you may get up to 70% funding
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  #1485 (permalink)  
Old 01-09-2021, 02:48 PM
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Check out s://.acams.org/en/certifications/cams6-sg-ibf-level-2-program where you may get up to 70% funding
the link is broken, can i know which is the one?

Associate-Level Certification

Specialist-Level Certification

Advanced Specialist-Level Certification
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  #1486 (permalink)  
Old 01-09-2021, 04:16 PM
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Check out s://.acams.org/en/certifications/cams6-sg-ibf-level-2-program where you may get up to 70% funding
hi, the course requires working experience or any related certification in order to sign up for the course.

even with my private degree, i still lacking of enough points to sign up.
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  #1487 (permalink)  
Old 01-09-2021, 11:06 PM
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the link is broken, can i know which is the one?

Associate-Level Certification

Specialist-Level Certification

Advanced Specialist-Level Certification
Most ppl i see take the Specialist-Level Certification (CAMS)
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  #1488 (permalink)  
Old 02-09-2021, 11:22 AM
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You clearly don't know what you're talking about. Analytics is used to enhance efficiency in TM/NS processes such as reducing false positives. How on earth will AI replace CDD / TM analysts? Imbeciles who don't know **** about the tech always coming up with cretinous vague projections like these without giving any specific details.
You have answered the question. AI will reduce false positives which will render headcount redundancies. Why would a business need to hire more when volume have dropped? If it can be automated without any human intervention, that would be even better.

Economics - supply and demand.
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  #1489 (permalink)  
Old 02-09-2021, 09:23 PM
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You have answered the question. AI will reduce false positives which will render headcount redundancies. Why would a business need to hire more when volume have dropped? If it can be automated without any human intervention, that would be even better.

Economics - supply and demand.
Not the earlier poster but to your question - yes and no.

It is true that banks have mostly acknowledged the role AI plays in its business, especially within the compliance space. AML/KYC is one such example.
Conceptually, it looks very good and noble on paper. Realistically, many banks struggle to achieve it. The biggest hurdle? Cost. This may surprise many but it is generally cheaper to hire a warm body to deal with those problems than to integrate into its businesses - until such a point where its business size reaches a critical state in which they are able to justify these costs. And surprisingly, our dearest regulators, the likes of MAS, HKMA/SFC, FINMA and the likes are indifferent on this matter.
And having a big name parent company does not automatically mean the hurdles are all cleared. Because of issues like cross-border data sharing, banking secrecy and etc., you'll probably have problems relying on the existing infrastructure used by the rest of the Group entities.
So circling back to the earlier topic - having some knowledge of data analytics is alright but it wouldn't be something I would break my back over it. On the other end of the spectrum, being a TM analyst the prospects are very much limited these days - many things are and can be filtered/flagged by the pre-determined system rules.
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  #1490 (permalink)  
Old 04-09-2021, 12:54 AM
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Anybody can give me some advice?
Currently working in bank as TM, Binance SG offered me a role doing similar stuff and higher pay.
Is it worth the jump? Will it be hard if I would like to go back to bank say in a couple of years?
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